Telsey Advisory Group Issues Positive Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its target price raised by equities researchers at Telsey Advisory Group from $27.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 6.67% from the stock’s current price.

VSCO has been the subject of a number of other research reports. Bank of America lifted their target price 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. The Goldman Sachs Group lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. TD Cowen lifted their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Finally, Jefferies Financial Group lifted their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.60.

Victoria’s Secret & Co. Stock Up 0.3 %

Shares of NYSE:VSCO opened at $37.50 on Wednesday. The stock has a fifty day simple moving average of $29.53 and a two-hundred day simple moving average of $23.49. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.80 and a beta of 2.10. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $39.39. 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. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. On average, research 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.

Several hedge funds have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $27,000. Blue Trust Inc. grew its holdings 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 valued at $44,000 after purchasing an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. during the second quarter valued at about $50,000. Quarry LP grew its holdings in 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 purchasing an additional 1,764 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares during the period. 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.