Telsey Advisory Group Lowers Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $24.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective cut by equities research analysts at Telsey Advisory Group from $40.00 to $24.00 in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 25.79% from the company’s current price. Telsey Advisory Group also issued estimates for Victoria’s Secret & Co.’s Q4 2026 earnings at $2.47 EPS.

A number of other equities analysts have also recently commented on VSCO. Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $51.00 to $53.00 in a report on Tuesday, January 28th. Bank of America cut their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Morgan Stanley cut their target price on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group lowered their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average target price of $33.18.

Victoria’s Secret & Co. Stock Down 6.4 %

VSCO stock opened at $19.08 on Thursday. The company’s 50 day moving average is $34.22 and its two-hundred day moving average is $32.48. The stock has a market cap of $1.50 billion, a P/E ratio of 9.89, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Institutional investors have recently made changes to their positions in the stock. Virtus Fund Advisers LLC purchased a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth $27,000. CoreCap Advisors LLC boosted its position in shares of Victoria’s Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Victoria’s Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth $112,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.