Victoria’s Secret & Co. (NYSE:VSCO) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $27.00 price target on the stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets raised their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Bank of America raised their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Wells Fargo & Company lifted their price target on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.00.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $27.63 on Thursday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $30.80. The company’s 50 day moving average is $24.22 and its two-hundred day moving average is $20.60. The firm has a market cap of $2.17 billion, a PE ratio of 16.06 and a beta of 2.14. The company has a quick ratio of 0.31, a current ratio of 1.00 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 for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts expect that Victoria’s Secret & Co. will post 1.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $297,000 after acquiring an additional 628 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Victoria’s Secret & Co. by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after acquiring an additional 715 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Victoria’s Secret & Co. by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock worth $1,313,000 after acquiring an additional 1,205 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Victoria’s Secret & Co. by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after acquiring an additional 1,280 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.