Victoria’s Secret & Co. (NYSE:VSCO) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Victoria’s Secret & Co. (NYSE:VSCO) announced its quarterly earnings results on Thursday. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12, Briefing.com reports. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the company posted ($0.86) earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis.

Victoria’s Secret & Co. Stock Down 2.0 %

VSCO opened at $43.02 on Friday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $44.40. 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 stock has a market cap of $3.38 billion, a price-to-earnings ratio of 25.01 and a beta of 2.19. The firm’s fifty day moving average is $31.53 and its 200 day moving average is $24.38.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VSCO. Wells Fargo & Company upped their target price on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of 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. Telsey Advisory Group increased their price target on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, UBS Group increased their target price on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the company a “sell” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.45.

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.