UBS Group Upgrades Victoria's Secret & Co. (NYSE:VSCO) to Neutral

UBS Group upgraded shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) from a sell rating to a neutral rating in a research report released on Tuesday, Marketbeat reports. UBS Group currently has $47.00 price target on the stock, up from their previous price target of $18.00.

Several other analysts also recently commented on VSCO. Wells Fargo & Company reiterated an "equal weight" rating and issued a $45.00 price target (up previously from $33.00) on shares of Victoria's Secret & Co. in a research report on Monday. The Goldman Sachs Group raised their price objective on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the company a "sell" rating in a research report on Friday, August 30th. Morgan Stanley raised their target price on Victoria's Secret & Co. from $23.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Bank of America increased 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. Finally, TD Cowen upped their target price on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victoria's Secret & Co. has a consensus rating of "Hold" and an average price target of $36.73.

Victoria's Secret & Co. Stock Down 1.2 %

NYSE:VSCO traded down $0.57 during midday trading on Tuesday, hitting $46.63. 2,522,675 shares of the company were exchanged, compared to its average volume of 2,720,452. The company has a fifty day simple moving average of $32.74 and a 200 day simple moving average of $24.94. 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 $48.70. The company has a market capitalization of $3.66 billion, a PE ratio of 24.10 and a beta of 2.19.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.29 billion. Victoria's Secret & Co. had a return on equity of 44.59% and a net margin of 2.47%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.86) EPS. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Institutional Trading of Victoria's Secret & Co.

Hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Victoria's Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after acquiring an additional 1,636,602 shares during the last quarter. AQR Capital Management LLC increased its position in Victoria's Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock worth $47,864,000 after purchasing an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. increased its position in Victoria's Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company's stock worth $32,834,000 after purchasing an additional 258,059 shares during the last quarter. Geode Capital Management LLC raised its stake in Victoria's Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock worth $46,121,000 after purchasing an additional 24,967 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Victoria's Secret & Co. by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock valued at $41,338,000 after purchasing an additional 76,858 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

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.