Victoria’s Secret & Co. (NYSE:VSCO) Earns Market Perform Rating from Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCO)‘s stock had its “market perform” rating reissued by analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $40.00 price objective on the stock. Telsey Advisory Group’s target price would indicate a potential downside of 7.02% from the stock’s current price.

Several other analysts have also recently commented on the stock. TD Cowen increased their price target on shares of 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. The Goldman Sachs Group increased their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Jefferies Financial Group boosted their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Bank of America upped their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Finally, UBS Group boosted their price objective on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.45.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $43.02 on Friday. The business’s fifty day moving average is $31.87 and its two-hundred day moving average is $24.51. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The firm has a market cap of $3.38 billion, a P/E ratio of 25.01 and a beta of 2.19. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $44.40.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.86) EPS. Equities research analysts forecast that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Hedge Funds 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 the stock. FMR LLC increased its position in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP acquired a new position in Victoria’s Secret & Co. in the third quarter valued at about $40,861,000. AQR Capital Management LLC grew its stake in Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after acquiring an additional 1,368,103 shares during the period. Marshall Wace LLP raised its position in shares of Victoria’s Secret & Co. by 1,218.1% during the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares during the period. Finally, Lombard Odier Asset Management USA Corp raised its position in shares of Victoria’s Secret & Co. by 102.3% during the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after purchasing an additional 511,573 shares during the period. 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.