Victoria’s Secret & Co. (NYSE:VSCO) Hits New 1-Year High – Time to Buy?

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $33.19 and last traded at $32.94, with a volume of 42925 shares traded. The stock had previously closed at $32.36.

Analyst Ratings Changes

VSCO has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Morgan Stanley raised their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. The Goldman Sachs Group increased their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Finally, TD Cowen upped their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.30.

Victoria’s Secret & Co. Trading Up 1.5 %

The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The firm’s 50-day moving average price is $25.99 and its 200 day moving average price is $21.70. The company has a market capitalization of $2.58 billion, a P/E ratio of 19.38 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts predict that Victoria’s Secret & Co. will post 1.96 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. in the second quarter worth $50,000. Quarry LP grew its position in shares of 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 purchasing an additional 1,764 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $92,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.