Victoria’s Secret & Co. (NYSE:VSCO) Stock Rating Upgraded by Barclays

Victoria’s Secret & Co. (NYSE:VSCO) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday, MarketBeat reports. The firm presently has a $53.00 target price on the stock, up from their previous target price of $51.00. Barclays‘s price objective would indicate a potential upside of 46.79% from the stock’s previous close.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $29.00 to $45.00 in a research report on Monday, December 9th. Telsey Advisory Group restated a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. TD Cowen upped their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price target for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average target price of $40.09.

Victoria’s Secret & Co. Stock Down 4.7 %

Shares of NYSE:VSCO opened at $36.11 on Tuesday. The company’s fifty day moving average is $40.63 and its two-hundred day moving average is $30.50. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.28 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned ($0.86) earnings per share. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Victoria’s Secret & Co. by 31,597.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock valued at $3,690,000 after purchasing an additional 91,002 shares in the last quarter. TriaGen Wealth Management LLC acquired a new stake in Victoria’s Secret & Co. during the fourth quarter valued at approximately $713,000. Oliver Luxxe Assets LLC bought a new stake in Victoria’s Secret & Co. during the fourth quarter worth approximately $1,963,000. Nisa Investment Advisors LLC grew its position in Victoria’s Secret & Co. by 23.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock worth $716,000 after buying an additional 3,277 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at $206,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.