Victoria’s Secret & Co. (NYSE:VSCO) Receives Average Rating of “Buy” from Analysts

Shares of Victoria’s Secret & Co. (NYSE:VSCOGet Rating) have earned an average rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $75.27.

Several equities research analysts have recently weighed in on VSCO shares. BMO Capital Markets reduced their price target on Victoria’s Secret & Co. from $80.00 to $72.00 in a report on Thursday, March 3rd. UBS Group started coverage on Victoria’s Secret & Co. in a report on Monday, January 24th. They issued a “neutral” rating and a $59.00 price target on the stock. Evercore ISI reiterated a “buy” rating and issued a $100.00 price target on shares of Victoria’s Secret & Co. in a report on Friday, March 4th. Zacks Investment Research upgraded Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Wells Fargo & Company reduced their price objective on Victoria’s Secret & Co. from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Tuesday, April 5th.

NYSE:VSCO opened at $47.12 on Friday. Victoria’s Secret & Co. has a 1 year low of $40.90 and a 1 year high of $76.00. The business has a 50 day simple moving average of $50.10 and a 200-day simple moving average of $52.62. The company has a quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 3.81.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.06. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the business earned $3.20 earnings per share. Victoria’s Secret & Co.’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts anticipate that Victoria’s Secret & Co. will post 6.92 EPS for the current fiscal year.

In other news, CEO Martin P. Waters sold 75,303 shares of Victoria’s Secret & Co. stock in a transaction on Monday, March 7th. The stock was sold at an average price of $46.42, for a total value of $3,495,565.26. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne Sheehan sold 5,060 shares of Victoria’s Secret & Co. stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $51.61, for a total value of $261,146.60. The disclosure for this sale can be found here. Insiders sold a total of 83,020 shares of company stock worth $3,891,262 over the last quarter.

Institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Victoria’s Secret & Co. by 46.4% in the 4th quarter. Russell Investments Group Ltd. now owns 101,592 shares of the company’s stock worth $5,641,000 after purchasing an additional 32,206 shares in the last quarter. Utah Retirement Systems acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth $778,000. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth $3,039,000. Voya Investment Management LLC acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth $1,068,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth $12,048,000. 93.37% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile (Get Rating)

Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

Further Reading

Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSCO)

Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.