Victoria’s Secret & Co. (NYSE:VSCO) Updates Q3 2024 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of -0.800–0.600 for the period, compared to the consensus earnings per share estimate of -0.690. The company issued revenue guidance of -. Victoria’s Secret & Co. also updated its FY 2024 guidance to EPS.

Victoria’s Secret & Co. Price Performance

NYSE VSCO traded up $0.16 on Wednesday, reaching $24.88. 3,589,883 shares of the stock traded hands, compared to its average volume of 2,864,691. The firm’s fifty day simple moving average is $19.14 and its 200 day simple moving average is $20.35. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.30 and a beta of 2.08. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. As a group, research analysts predict that Victoria’s Secret & Co. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VSCO. Telsey Advisory Group reaffirmed a market perform rating and issued a $24.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, August 15th. Morgan Stanley raised Victoria’s Secret & Co. from an underweight rating to an equal weight rating in a research report on Wednesday, August 14th. Wells Fargo & Company raised their target price on Victoria’s Secret & Co. from $25.00 to $28.00 and gave the stock an overweight rating in a research report on Thursday, August 15th. Bank of America raised their target price on Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an underperform rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group lifted their price objective on Victoria’s Secret & Co. from $15.00 to $17.00 and gave the company a sell rating in a research report on Thursday, August 15th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of Hold and an average price target of $19.80.

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.