Victoria's Secret & Co. (NYSE:VSCO) Receives $24.78 Average Price Target from Analysts

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) has been assigned an average rating of "Reduce" from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.78.

A number of research analysts have recently weighed in on VSCO shares. TD Cowen increased their price objective on Victoria's Secret & Co. from $20.00 to $26.00 and gave the company a "hold" rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price objective on shares of Victoria's Secret & Co. from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Morgan Stanley upped their price objective on shares of Victoria's Secret & Co. from $20.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, August 30th. Barclays raised shares of Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Finally, Bank of America upped 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 report on Friday, August 30th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in Victoria's Secret & Co. by 741.4% during 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. purchased a new stake in shares of Victoria's Secret & Co. during the 2nd quarter valued at approximately $50,000. Quarry LP lifted its holdings in Victoria's Secret & Co. by 126.6% in 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 during the last quarter. GAMMA Investing LLC grew its position in Victoria's Secret & Co. by 109.5% in 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 period. Finally, Carolina Wealth Advisors LLC acquired a new stake in Victoria's Secret & Co. during the third quarter worth $92,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Up 0.0 %

Shares of VSCO stock traded up $0.01 during trading hours on Monday, reaching $34.97. 2,242,263 shares of the company's stock were exchanged, compared to its average volume of 2,756,758. The stock's 50 day moving average is $26.63 and its 200-day moving average is $22.06. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 20.33 and a beta of 2.10. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. Victoria's Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $36.10.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Victoria's Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Analysts predict that Victoria's Secret & Co. will post 1.96 earnings per share for the current fiscal year.

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.