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

Victoria’s Secret & Co. (NYSE:VSCO) had its target price cut by Telsey Advisory Group from $50.00 to $40.00 in a research report released on Thursday,Benzinga reports. They currently have a market perform rating on the stock.

VSCO has been the subject of a number of other reports. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their target price for the company from $18.00 to $47.00 in a report on Tuesday, December 10th. TD Cowen increased their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets boosted their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 price target (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $29.00 to $45.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.36.

Victoria’s Secret & Co. Trading Up 1.9 %

Shares of VSCO stock opened at $36.84 on Thursday. The company has a 50-day moving average of $40.67 and a two-hundred day moving average of $30.54. The firm has a market cap of $2.90 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.11 and a beta of 2.14. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned ($0.86) EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that Victoria’s Secret & Co. will post 2.34 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of VSCO. FMR LLC boosted its position in Victoria’s Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $40,861,000. Two Sigma Advisers LP boosted its holdings in shares of Victoria’s Secret & Co. by 172.0% during the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock worth $12,927,000 after purchasing an additional 318,099 shares during the last quarter. Castellan Group purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at $6,218,000. Finally, Weiss Asset Management LP purchased a new position in Victoria’s Secret & Co. during the third quarter worth about $4,397,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.