Victoria’s Secret & Co. (NYSE:VSCO) Given New $40.00 Price Target at Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective hoisted by equities researchers at Telsey Advisory Group from $27.00 to $40.00 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 5.29% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. TD Cowen boosted their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Jefferies Financial Group boosted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets raised their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company raised their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.60.

Victoria’s Secret & Co. Stock Up 1.3 %

VSCO opened at $37.99 on Wednesday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 22.09 and a beta of 2.10. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The firm’s 50-day simple moving average is $30.05 and its 200-day simple moving average is $23.72. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Equities research analysts anticipate that Victoria’s Secret & Co. will post 2.01 EPS for the current fiscal year.

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

A number of large investors have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. in the 2nd quarter valued at approximately $50,000. Quarry LP boosted its stake in shares of Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

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.