Victoria’s Secret & Co. (NYSE:VSCO) Given Average Recommendation of “Hold” by Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.36.

VSCO has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Morgan Stanley cut their price target 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. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $47.00 in a research report on Tuesday, December 10th. Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $51.00 to $53.00 in a report on Tuesday, January 28th. Finally, Bank of America cut their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th.

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

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after acquiring an additional 412 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of Victoria’s Secret & Co. by 6.5% in the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock worth $322,000 after acquiring an additional 477 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Victoria’s Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock valued at $340,000 after purchasing an additional 522 shares in the last quarter. Finally, Mariner LLC increased its stake in Victoria’s Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company’s stock worth $800,000 after purchasing an additional 569 shares during the period. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $28.48 on Wednesday. The firm has a 50 day moving average of $36.74 and a 200-day moving average of $32.49. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted ($0.86) EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

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.