Victoria’s Secret & Co. (NYSE:VSCO) Given New $31.00 Price Target at Morgan Stanley

Victoria’s Secret & Co. (NYSE:VSCO) had its target price boosted by Morgan Stanley from $23.00 to $31.00 in a research report released on Thursday morning. Morgan Stanley currently has an equal weight rating on the stock.

A number of other analysts have also recently weighed in on VSCO. UBS Group boosted their price target on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Bank of America boosted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price objective on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, TD Cowen boosted their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.45.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $43.02 on Thursday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $44.40. The business has a 50-day moving average of $31.53 and a two-hundred day moving average of $24.38. The stock has a market capitalization of $3.38 billion, a P/E ratio of 25.01 and a beta of 2.19. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm earned ($0.86) earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Victoria’s Secret & Co. will post 2.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Several large investors have recently modified their holdings of VSCO. FMR LLC grew its stake in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after purchasing an additional 1,636,602 shares during the period. Forest Avenue Capital Management LP bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at approximately $40,861,000. AQR Capital Management LLC grew its stake in shares of Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the period. Marshall Wace LLP boosted its holdings in shares of Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after acquiring an additional 571,295 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp boosted its holdings in shares of Victoria’s Secret & Co. by 102.3% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after acquiring an additional 511,573 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

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.