Victoria's Secret & Co. (NYSE:VSCO) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) from an underweight rating to a neutral rating in a research report report published on Monday morning, MarketBeat Ratings reports. The firm currently has $45.00 target price on the stock, up from their previous target price of $29.00.

A number of other research analysts have also recently weighed in on VSCO. TD Cowen lifted their price objective on shares of Victoria's Secret & Co. from $20.00 to $26.00 and gave the company a "hold" rating in a report on Friday, August 30th. Bank of America lifted their price target on Victoria's Secret & Co. from $18.00 to $21.00 and gave the company an "underperform" rating in a research note on Friday, August 30th. Telsey Advisory Group reiterated a "market perform" rating and set a $40.00 price target on shares of Victoria's Secret & Co. in a research report on Friday. Morgan Stanley boosted their price objective on Victoria's Secret & Co. from $23.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $45.00 target price (up from $33.00) on shares of Victoria's Secret & Co. in a research note on Monday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.09.

Victoria's Secret & Co. Stock Performance

VSCO stock traded down $0.83 during trading on Monday, hitting $47.20. 3,534,916 shares of the company traded hands, compared to its average volume of 2,722,752. Victoria's Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.70. The company has a market cap of $3.71 billion, a PE ratio of 24.63 and a beta of 2.19. The stock's 50-day simple moving average is $32.31 and its 200 day simple moving average is $24.75. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping analysts' consensus estimates of ($0.62) by $0.12. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the company earned ($0.86) EPS. The business's revenue was up 6.5% on a year-over-year basis. On average, equities analysts expect that Victoria's Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VSCO. FMR LLC boosted its stake in Victoria's Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock worth $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Victoria's Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock worth $47,864,000 after buying an additional 1,368,103 shares in the last quarter. Victory Capital Management Inc. boosted its position in Victoria's Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company's stock worth $32,834,000 after acquiring an additional 258,059 shares during the last quarter. Geode Capital Management LLC boosted its position in Victoria's Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock worth $46,121,000 after acquiring an additional 24,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Victoria's Secret & Co. by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock valued at $41,338,000 after acquiring an additional 76,858 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

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.