Victoria’s Secret & Co. (NYSE:VSCO) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research report released on Wednesday,Benzinga reports. They currently have a $40.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group upped their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets upped their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Barclays raised Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $51.00 to $53.00 in a report on Tuesday, January 28th. The Goldman Sachs Group reduced their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, January 30th. Finally, UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their target price for the stock from $18.00 to $47.00 in a report on Tuesday, December 10th. Two investment 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. Based on data from MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus target price of $42.36.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $28.31 on Wednesday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock has a 50 day simple moving average of $36.44 and a 200 day simple moving average of $32.46. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The firm has a market capitalization of $2.23 billion, a PE ratio of 14.67, a P/E/G ratio of 1.15 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.86) EPS. Sell-side analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

Several large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Victoria’s Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after buying an additional 1,620,256 shares during the period. Forest Avenue Capital Management LP bought a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at $40,861,000. Point72 Hong Kong Ltd bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at $37,693,000. Finally, SRS Investment Management LLC bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at $37,011,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.