Victoria’s Secret & Co. (NYSE:VSCO) Expected to Announce Earnings of $0.83 Per Share

Equities research analysts expect Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) to report earnings per share (EPS) of $0.83 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Victoria’s Secret & Co.’s earnings. The lowest EPS estimate is $0.74 and the highest is $0.90. The company is expected to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Victoria’s Secret & Co. will report full year earnings of $6.92 per share for the current financial year, with EPS estimates ranging from $6.77 to $7.00. For the next financial year, analysts anticipate that the company will report earnings of $7.86 per share, with EPS estimates ranging from $7.71 to $8.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Victoria’s Secret & Co..

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.06. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Victoria’s Secret & Co.’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $3.20 earnings per share.

Several research analysts recently weighed in on VSCO shares. Evercore ISI reiterated a “buy” rating and issued a $100.00 price objective on shares of Victoria’s Secret & Co. in a research report on Friday, March 4th. BMO Capital Markets lowered their price objective on Victoria’s Secret & Co. from $80.00 to $72.00 in a research report on Thursday, March 3rd. Wells Fargo & Company decreased their price target on Victoria’s Secret & Co. from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. UBS Group began coverage on Victoria’s Secret & Co. in a research note on Monday, January 24th. They set a “neutral” rating and a $59.00 price target on the stock. Finally, Zacks Investment Research upgraded Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Buy” and a consensus target price of $75.27.

Shares of Victoria’s Secret & Co. stock opened at $49.17 on Friday. Victoria’s Secret & Co. has a fifty-two week low of $40.90 and a fifty-two week high of $76.00. The company has a current ratio of 1.00, a quick ratio of 0.44 and a debt-to-equity ratio of 3.81. The stock has a 50 day moving average of $49.16 and a 200 day moving average of $52.31.

In related news, CEO Amy Hauk sold 2,657 shares of the stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $50.64, for a total value of $134,550.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anne Sheehan sold 5,060 shares of the 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. Over the last quarter, insiders sold 83,020 shares of company stock worth $3,891,262. Insiders own 0.95% of the company’s stock.

A number of large investors have recently bought and sold shares of VSCO. Russell Investments Group Ltd. grew its holdings in shares of Victoria’s Secret & Co. by 46.4% during the fourth 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 during the last quarter. Utah Retirement Systems purchased a new position in shares of Victoria’s Secret & Co. during the third quarter worth about $778,000. Lombard Odier Asset Management USA Corp purchased a new position in shares of Victoria’s Secret & Co. during the third quarter worth about $3,039,000. Voya Investment Management LLC purchased a new position in shares of Victoria’s Secret & Co. during the third quarter worth about $1,068,000. Finally, Two Sigma Investments LP purchased a new position in shares of Victoria’s Secret & Co. during the third quarter worth about $719,000. 99.23% of the stock is currently 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