Victoria's Secret & Co. (NYSE:VSCO) Price Target Raised to $26.00

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its price objective lifted by TD Cowen from $20.00 to $26.00 in a research report report published on Friday morning, Benzinga reports. TD Cowen currently has a hold rating on the stock.

A number of other analysts have also commented on the company. Wells Fargo & Company increased their price objective on Victoria's Secret & Co. from $28.00 to $30.00 and gave the company an overweight rating in a research note on Thursday. Telsey Advisory Group lifted their target price on Victoria's Secret & Co. from $24.00 to $27.00 and gave the company a market perform rating in a research note on Thursday. Barclays lifted their price objective on shares of Victoria's Secret & Co. from $19.00 to $23.00 and gave the company an underweight rating in a research note on Friday. Morgan Stanley lifted their target price on Victoria's Secret & Co. from $20.00 to $23.00 and gave the stock an equal weight rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Victoria's Secret & Co. from $15.00 to $16.00 and gave the stock an underweight rating in a report on Friday, May 17th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Victoria's Secret & Co. has an average rating of Hold and a consensus price target of $22.64.

Victoria's Secret & Co. Stock Performance

Shares of NYSE:VSCO traded down $0.51 during trading on Friday, hitting $23.45. 4,061,133 shares of the stock traded hands, compared to its average volume of 2,882,803. The company has a fifty day moving average price of $19.38 and a two-hundred day moving average price of $20.40. Victoria's Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.30 and a beta of 2.08. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Victoria's Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The business's revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. As a group, equities analysts predict that Victoria's Secret & Co. will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Victoria's Secret & Co.

Large investors have recently bought and sold shares of the company. Treasurer of the State of North Carolina raised its holdings in Victoria's Secret & Co. by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 34,163 shares of the company's stock valued at $907,000 after acquiring an additional 340 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Victoria's Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company's stock worth $297,000 after buying an additional 628 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Victoria's Secret & Co. by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company's stock valued at $663,000 after purchasing an additional 715 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Victoria's Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company's stock worth $107,000 after buying an additional 790 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in Victoria's Secret & Co. by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company's stock worth $696,000 after acquiring an additional 1,000 shares during the last quarter. 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.