Victoria’s Secret & Co. (NYSE:VSCO) Given New $23.00 Price Target at Barclays

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective hoisted by Barclays from $19.00 to $23.00 in a research note released on Friday morning, Benzinga reports. Barclays currently has an underweight rating on the stock.

VSCO has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price target on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an underweight rating in a research note on Friday, May 17th. BMO Capital Markets boosted their target price on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an outperform rating in a research report on Thursday. Telsey Advisory Group raised their price target on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a market perform rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a sell rating in a research note on Friday. Finally, Bank of America increased their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an underperform rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $23.40.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $23.46 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. The firm’s 50-day moving average price is $19.49 and its 200-day moving average price is $20.23. The firm has a market capitalization of $1.84 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.26 and a beta of 2.08. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 47.61% and a net margin of 2.25%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts anticipate that Victoria’s Secret & Co. will post 2.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. in the second quarter worth about $50,000. Frazier Financial Advisors LLC bought a new stake in Victoria’s Secret & Co. in the fourth quarter worth about $76,000. Quarry LP boosted its stake in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Victoria’s Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after acquiring an additional 790 shares during the period. Institutional investors own 90.29% of the company’s stock.

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.