#6 - Victoria’s Secret (NYSE:VSCO)
Victoria’s Secret (NYSE:VSCO) began trading as a stand-alone public company after spinning off from Bath and Body Works (NYSE:BBWI) formerly L Brands in July. It’s been a wild ride, and right now, VSCO stock is down 25% from its 52-week high.
However, while most stocks have been pummeled in the recent market sell-off, Victoria’s Secret has done well. In fact, VSCO stock is up 15% in the 30 days ending January 27. And analysts give the stock an $81 price target which would be a 44% increase from its current price. Plus, institutional investors have been piling into the stock.
There are reasons to believe the company may be able to deliver. For starters, the company is reinventing itself as a more inclusive brand. This is paying off as millennials are embracing the brand. And on the company’s most recent earnings call in November, management reported sales margin and operating income growth despite the supply chain difficulties that are still weighing on revenue.
VSCO stock has a neutral technical outlook at this time, but shares are beginning to consolidate. And with the stock up 8% in the five trading days ending January 27, the stock looks to have momentum on its side.
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.
Read More - Current Price
- $44.96
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $36.73 (18.3% Downside)
