Analysts Set Victoria's Secret & Co. (NYSE:VSCO) PT at $27.45

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) have been given an average recommendation of "Reduce" by the eleven research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $28.64.

A number of research analysts recently commented on the stock. Jefferies Financial Group increased their target price 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. Morgan Stanley boosted their price objective on shares of Victoria's Secret & Co. from $23.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday. Bank of America boosted their price objective on shares of Victoria's Secret & Co. from $18.00 to $21.00 and gave the stock an "underperform" rating in a report on Friday, August 30th. TD Cowen increased their target price on shares of Victoria's Secret & Co. from $20.00 to $26.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Finally, Barclays raised shares of Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th.

Victoria's Secret & Co. Stock Up 11.6 %

NYSE:VSCO traded up $5.00 during midday trading on Friday, reaching $48.02. The company had a trading volume of 6,000,708 shares, compared to its average volume of 2,719,425. Victoria's Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.70. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 26.77 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The stock's fifty day simple moving average is $31.87 and its 200-day simple moving average is $24.51.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results 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 2.25% and a return on equity of 44.06%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted ($0.86) earnings per share. The company's revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.01 earnings per share for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in VSCO. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria's Secret & Co. during the third quarter worth approximately $27,000. Blue Trust Inc. grew its holdings in Victoria's Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock worth $44,000 after acquiring an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Victoria's Secret & Co. in the 2nd quarter worth about $50,000. Quarry LP raised its stake in Victoria's Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company's stock valued at $56,000 after buying an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Victoria's Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock valued at $81,000 after acquiring an additional 1,652 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.