Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Rating of “Reduce” by Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has been assigned an average recommendation of “Reduce” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.00.

A number of equities research analysts have recently issued reports on the stock. Telsey Advisory Group cut their target price on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. BMO Capital Markets dropped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 price objective (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Bank of America reiterated an “underperform” rating and set a $15.00 price objective (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, March 7th.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $17.57 on Thursday. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $32.61. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The firm has a market capitalization of $1.36 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.08 and a beta of 2.07. The company’s fifty day moving average price is $21.43 and its two-hundred day moving average price is $22.58.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. On average, research analysts anticipate that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG grew its position in Victoria’s Secret & Co. by 3.0% in the 4th quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock worth $90,817,000 after purchasing an additional 98,882 shares during the last quarter. AQR Capital Management LLC grew its position in Victoria’s Secret & Co. by 4.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock worth $24,951,000 after purchasing an additional 61,693 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock valued at $31,650,000 after acquiring an additional 188,384 shares in the last quarter. Kettle Hill Capital Management LLC bought a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $18,645,000. Finally, Invesco Ltd. boosted its holdings in shares of Victoria’s Secret & Co. by 4.2% in the third quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock valued at $11,009,000 after acquiring an additional 26,412 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.