Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Target Price at $22.00

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have earned an average recommendation of “Reduce” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.27.

VSCO has been the subject of a number of research analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $15.00 price target (down from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. BMO Capital Markets decreased their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company dropped their price objective on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. reaffirmed 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. Finally, The Goldman Sachs Group initiated coverage on shares of Victoria’s Secret & Co. in a research report on Thursday. They issued a “sell” rating and a $14.00 price target on the stock.

Victoria’s Secret & Co. Stock Up 2.6 %

Shares of Victoria’s Secret & Co. stock opened at $17.43 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $31.39. The business’s fifty day moving average price is $20.93 and its two-hundred day moving average price is $22.60. The company has a market capitalization of $1.35 billion, a P/E ratio of 12.82, a PEG ratio of 1.08 and a beta of 2.07.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VSCO. Oak Thistle LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $543,000. AQR Capital Management LLC increased its holdings in shares of Victoria’s Secret & Co. by 4.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock worth $24,951,000 after purchasing an additional 61,693 shares during the period. Kettle Hill Capital Management LLC acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $18,645,000. Citigroup Inc. increased its holdings in shares of Victoria’s Secret & Co. by 478.4% during the third quarter. Citigroup Inc. now owns 199,668 shares of the company’s stock worth $3,330,000 after buying an additional 165,147 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $799,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.