Victoria’s Secret & Co. (NYSE:VSCO) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research report report published on Thursday morning, Benzinga reports. They currently have a $27.00 target price on the stock.

Several other analysts have also issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. TD Cowen boosted their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Bank of America raised their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. BMO Capital Markets boosted their price objective on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley raised their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.00.

Victoria’s Secret & Co. Trading Down 0.5 %

NYSE:VSCO opened at $27.48 on Thursday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $30.80. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The firm’s 50 day moving average is $24.37 and its 200 day moving average is $20.70. The stock has a market capitalization of $2.16 billion, a PE ratio of 15.98 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Sell-side analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently bought and sold shares of VSCO. Blue Trust Inc. increased its stake in shares of 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 buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. in the second quarter valued at about $50,000. Quarry LP raised its stake in shares of Victoria’s Secret & Co. by 126.6% during 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 boosted its holdings in shares of Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of Victoria’s Secret & Co. by 1,925.3% during the second quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock worth $155,000 after purchasing an additional 8,356 shares during the period. 90.29% of the stock is currently owned by institutional investors.

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.