BMO Capital Markets Issues Positive Forecast for Victoria's Secret & Co. (NYSE:VSCO) Stock Price

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its target price upped by BMO Capital Markets from $33.00 to $46.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently commented on VSCO. Barclays raised Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Wells Fargo & Company lifted their price target on Victoria's Secret & Co. from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Bank of America increased 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. UBS Group boosted their target price on shares of Victoria's Secret & Co. from $13.00 to $18.00 and gave the company a "sell" rating in a report on Thursday. Finally, Jefferies Financial Group upped their price target on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $28.64.

Victoria's Secret & Co. Trading Up 11.6 %

NYSE:VSCO traded up $5.00 on Friday, reaching $48.02. The stock had a trading volume of 6,017,096 shares, compared to its average volume of 1,905,661. Victoria's Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.70. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 24.88 and a beta of 2.19. The firm's fifty day moving average is $32.31 and its two-hundred day moving average is $24.70. 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 announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The business 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 company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.86) earnings per share. Equities analysts expect that Victoria's Secret & Co. will post 2.01 EPS for the current fiscal year.

Institutional Trading of Victoria's Secret & Co.

Large investors have recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC acquired a new position in shares of Victoria's Secret & Co. during the third quarter worth $27,000. Blue Trust Inc. lifted its holdings in Victoria's Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock worth $44,000 after buying an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria's Secret & Co. in the 2nd quarter valued at about $50,000. Quarry LP grew its stake in shares of 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 acquiring an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Victoria's Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock worth $81,000 after acquiring an additional 1,652 shares during the last quarter. 90.29% of the stock is currently 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.