Victoria's Secret & Co. (NYSE:VSCO) Given New $24.00 Price Target at Telsey Advisory Group

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) had its price target dropped by equities research analysts at Telsey Advisory Group from $40.00 to $24.00 in a note issued to investors on Thursday, Marketbeat reports. The firm currently has a "market perform" rating on the stock. Telsey Advisory Group's price objective points to a potential upside of 42.98% from the company's previous close. Telsey Advisory Group also issued estimates for Victoria's Secret & Co.'s Q4 2026 earnings at $2.47 EPS.

A number of other analysts have also commented on the stock. BMO Capital Markets increased their target price on shares of Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Morgan Stanley reduced their price objective on shares of Victoria's Secret & Co. from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. UBS Group lowered their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company dropped their target price on Victoria's Secret & Co. from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Finally, Jefferies Financial Group raised their price target on Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $31.73.

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Victoria's Secret & Co. Stock Down 11.9 %

Shares of VSCO traded down $2.26 during midday trading on Thursday, hitting $16.79. The stock had a trading volume of 7,869,196 shares, compared to its average volume of 2,710,586. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a 50 day simple moving average of $33.75 and a two-hundred day simple moving average of $32.56. Victoria's Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Virtus Fund Advisers LLC acquired a new position in shares of Victoria's Secret & Co. in the third quarter valued at $27,000. CoreCap Advisors LLC boosted its holdings in shares of Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after buying an additional 1,955 shares during the period. Smartleaf Asset Management LLC grew its stake in Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after buying an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Victoria's Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after acquiring an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth approximately $112,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.