Victoria's Secret & Co. (NYSE:VSCO) Hits New 1-Year High - Time to Buy?

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $48.73 and last traded at $48.71, with a volume of 1410816 shares changing hands. The stock had previously closed at $46.79.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VSCO. JPMorgan Chase & Co. upgraded Victoria's Secret & Co. from an "underweight" rating to a "neutral" rating and lifted their price objective for the stock from $29.00 to $45.00 in a research note on Monday. UBS Group raised Victoria's Secret & Co. from a "sell" rating to a "neutral" rating and increased their price objective for the company from $18.00 to $47.00 in a research report on Tuesday. Morgan Stanley boosted their target price on shares of Victoria's Secret & Co. from $23.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 5th. The Goldman Sachs Group increased their price target on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the company a "sell" rating in a report on Friday, August 30th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $45.00 price objective (up previously from $33.00) on shares of Victoria's Secret & Co. in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Victoria's Secret & Co. presently has a consensus rating of "Hold" and an average price target of $36.73.

Victoria's Secret & Co. Price Performance

The company has a 50-day moving average of $34.06 and a 200 day moving average of $25.43. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. The firm has a market cap of $3.83 billion, a P/E ratio of 24.24, a P/E/G ratio of 2.79 and a beta of 2.19.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.29 billion. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.86) earnings per share. On average, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.31 EPS for the current year.

Institutional Investors Weigh In On Victoria's Secret & Co.

Institutional investors and hedge funds have recently modified their holdings of the business. Virtus Fund Advisers LLC bought a new position in Victoria's Secret & Co. during the 3rd quarter worth approximately $27,000. Blue Trust Inc. raised its holdings in Victoria's Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock worth $44,000 after purchasing an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria's Secret & Co. during the second quarter worth $50,000. Quarry LP grew its holdings in shares of Victoria's Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company's stock valued at $56,000 after buying an additional 1,764 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Victoria's Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock valued at $81,000 after buying an additional 1,652 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

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.

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