Victoria's Secret & Co. (NYSE:VSCO) Given Average Rating of "Reduce" by Analysts

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $19.80.

VSCO has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Victoria's Secret & Co. from $15.00 to $18.00 and gave the stock an "underperform" rating in a report on Thursday, August 15th. JPMorgan Chase & Co. lifted their price objective on Victoria's Secret & Co. from $15.00 to $16.00 and gave the company an "underweight" rating in a research report on Friday, May 17th. Wells Fargo & Company boosted their price objective on Victoria's Secret & Co. from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Morgan Stanley upgraded Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, August 14th. Finally, Barclays increased their price objective on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Thursday, August 15th.

Victoria's Secret & Co. Price Performance

NYSE VSCO traded up $0.15 during trading on Wednesday, reaching $24.87. 3,606,302 shares of the company traded hands, compared to its average volume of 2,864,691. Victoria's Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.30 and a beta of 2.08. The stock's 50 day moving average price is $19.14 and its two-hundred day moving average price is $20.35. The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Treasurer of the State of North Carolina lifted its stake in shares of 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 purchasing an additional 340 shares during the period. PNC Financial Services Group Inc. increased its holdings in Victoria's Secret & Co. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company's stock valued at $297,000 after purchasing an additional 628 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Victoria's Secret & Co. by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company's stock valued at $663,000 after buying an additional 715 shares during the period. Quadrant Capital Group LLC grew its position in shares of 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 position in shares of 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 buying an additional 1,000 shares during the period. Institutional investors 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.