Telsey Advisory Group Raises Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target upped by Telsey Advisory Group from $27.00 to $40.00 in a research note published on Wednesday, Marketbeat.com reports. They currently have a market perform rating on the stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company lifted 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 report on Monday, October 21st. BMO Capital Markets lifted 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 report on Thursday, October 17th. The Goldman Sachs Group increased their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Morgan Stanley lifted their price objective on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Bank of America increased their target price on 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. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.60.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $38.87 on Wednesday. The firm has a market cap of $3.05 billion, a P/E ratio of 22.58 and a beta of 2.10. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $39.39. The business’s 50-day moving average price is $30.29 and its 200 day moving average price is $23.81. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. On average, equities research analysts expect that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of Victoria’s Secret & Co. by 146.1% in 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 in the last quarter. Forest Avenue Capital Management LP purchased a new position in Victoria’s Secret & Co. during the 3rd quarter valued at about $40,861,000. AQR Capital Management LLC raised its position in Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Marshall Wace LLP raised its position in Victoria’s Secret & Co. by 1,218.1% during the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after acquiring an additional 571,295 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its holdings in shares of Victoria’s Secret & Co. by 102.3% in the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after purchasing an additional 511,573 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile

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.