Victoria’s Secret & Co. (NYSE:VSCO) Receives $18.00 Average PT from Brokerages

Shares of Victoria’s Secret & Co. (NYSE:VSCO) have earned an average recommendation of “Reduce” from the ten research firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of equities analysts have recently issued reports on VSCO shares. BMO Capital Markets dropped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. The Goldman Sachs Group started 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 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, May 17th. Barclays cut shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $15.00 to $14.00 in a report on Wednesday, May 8th. Finally, Morgan Stanley cut shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $19.00 to $15.00 in a report on Monday, May 6th.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $20.86 on Monday. 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 $30.80. The firm has a market capitalization of $1.62 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 1.36 and a beta of 2.05. The company’s 50-day moving average is $18.74 and its 200 day moving average is $22.83.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The business 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%. Research analysts forecast that Victoria’s Secret & Co. will post 1.66 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. purchased a new position in Victoria’s Secret & Co. during the 3rd quarter valued at about $74,000. Victory Capital Management Inc. grew its holdings in shares of Victoria’s Secret & Co. by 45.1% during the third quarter. Victory Capital Management Inc. now owns 19,936 shares of the company’s stock worth $333,000 after buying an additional 6,197 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $799,000. Fox Run Management L.L.C. purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $299,000. Finally, Newport Trust Company LLC purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $3,344,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.