Victoria’s Secret & Co. (NYSE:VSCO) Receives $22.00 Consensus Price Target from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been assigned a consensus recommendation of “Reduce” from the ten analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.27.

VSCO has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Bank of America restated an “underperform” rating and set a $15.00 price objective (down from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Telsey Advisory Group reduced their price target on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group began coverage on shares of Victoria’s Secret & Co. in a research report on Thursday, April 25th. They set a “sell” rating and a $14.00 price objective for the company.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $17.76 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. The stock has a 50 day moving average of $20.70 and a 200-day moving average of $22.67. The stock has a market cap of $1.38 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.11 and a beta of 2.07. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $31.39.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. On average, analysts expect that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its stake in shares of Victoria’s Secret & Co. by 126.8% in the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after acquiring an additional 914 shares during the period. SG Americas Securities LLC bought a new position in Victoria’s Secret & Co. during the 3rd quarter valued at $1,371,000. Handelsbanken Fonder AB acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter valued at $369,000. Peregrine Capital Management LLC increased its position in shares of Victoria’s Secret & Co. by 42.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 428,493 shares of the company’s stock valued at $7,147,000 after purchasing an additional 128,305 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth $74,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.