Victoria's Secret & Co. (NYSE:VSCO) Receives "Market Perform" Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in a research note published on Friday,Benzinga reports. They currently have a $40.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group lifted their target price 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. 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 research report on Thursday, October 17th. Bank of America boosted their price target on shares of Victoria's Secret & Co. from $18.00 to $21.00 and gave the company an "underperform" rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price target 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. Finally, Jefferies Financial Group boosted their price target on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $28.64.

Victoria's Secret & Co. Stock Up 11.6 %

Shares of VSCO stock traded up $5.00 on Friday, hitting $48.02. The company's stock had a trading volume of 6,017,096 shares, compared to its average volume of 1,905,661. 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. has a fifty-two week low of $15.12 and a fifty-two week high of $48.70. The firm's fifty day moving average price is $32.31 and its 200-day moving average price is $24.70. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 24.88 and a beta of 2.19.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria's Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.86) EPS. Research analysts anticipate that Victoria's Secret & Co. will post 2.01 EPS for the current year.

Institutional Trading of Victoria's Secret & Co.

Several hedge funds have recently added to or reduced their stakes in VSCO. FMR LLC increased its holdings 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 worth $70,856,000 after acquiring an additional 1,636,602 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 buying an additional 1,368,103 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of 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 buying an additional 258,059 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 24,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Victoria's Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock worth $41,338,000 after buying an additional 76,858 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

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.