Victoria’s Secret & Co. (NYSE:VSCO) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Victoria’s Secret & Co. (NYSE:VSCO) issued its earnings results on Thursday. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12, Briefing.com reports. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.86) EPS.

Victoria’s Secret & Co. Stock Down 2.0 %

Shares of Victoria’s Secret & Co. stock opened at $43.02 on Friday. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $44.40. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 25.01 and a beta of 2.19. The company has a 50-day moving average of $31.53 and a 200 day moving average of $24.38. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VSCO. UBS Group lifted their price target on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a research note on Thursday. Bank of America lifted their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Wells Fargo & Company increased their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. BMO Capital Markets boosted their price objective on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group increased their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus price target of $27.45.

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.