Telsey Advisory Group Raises Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target increased by analysts at Telsey Advisory Group from $27.00 to $40.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 6.67% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company boosted their target price 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. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Morgan Stanley boosted their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group boosted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average target price of $27.60.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $37.50 on Wednesday. The stock’s 50-day simple moving average is $29.53 and its 200-day simple moving average is $23.49. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $39.39. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.80 and a beta of 2.10. 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 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.41 billion. As a group, analysts expect that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSCO. Price T Rowe Associates Inc. MD grew its stake in shares of Victoria’s Secret & Co. by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,395 shares of the company’s stock valued at $900,000 after buying an additional 2,594 shares during the last quarter. CWM LLC grew its stake in shares of Victoria’s Secret & Co. by 172.1% during the second quarter. CWM LLC now owns 17,959 shares of the company’s stock valued at $317,000 after buying an additional 11,360 shares during the last quarter. SummerHaven Investment Management LLC grew 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 valued at $663,000 after buying an additional 715 shares during the last quarter. Louisiana State Employees Retirement System grew 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 valued at $696,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Victoria’s Secret & Co. by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock valued at $11,529,000 after buying an additional 91,712 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other 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.