Victoria’s Secret & Co. (NYSE:VSCO) Expected to Announce Quarterly Sales of $1.48 Billion

Analysts expect Victoria’s Secret & Co. (NYSE:VSCOGet Rating) to post $1.48 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Victoria’s Secret & Co.’s earnings. The lowest sales estimate is $1.45 billion and the highest is $1.50 billion. The business is expected to announce its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Victoria’s Secret & Co. will report full year sales of $6.93 billion for the current year, with estimates ranging from $6.92 billion to $6.93 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.28 billion, with estimates ranging from $7.19 billion to $7.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Victoria’s Secret & Co..

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

Several research firms have recently issued reports on VSCO. Wells Fargo & Company lowered their price target on Victoria’s Secret & Co. from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, April 5th. JPMorgan Chase & Co. reduced their price target on shares of Victoria’s Secret & Co. from $86.00 to $71.00 in a research report on Monday. Barclays decreased their price objective on shares of Victoria’s Secret & Co. from $76.00 to $61.00 in a report on Friday, April 1st. UBS Group initiated coverage on Victoria’s Secret & Co. in a report on Monday, January 24th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Zacks Investment Research raised Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $72.64.

Shares of NYSE VSCO opened at $48.43 on Tuesday. The company has a 50 day simple moving average of $49.23 and a two-hundred day simple moving average of $52.30. 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 quick ratio of 0.44, a current ratio of 1.00 and a debt-to-equity ratio of 3.81.

In other news, CEO Amy Hauk sold 2,657 shares of Victoria’s Secret & Co. stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of $50.64, for a total transaction of $134,550.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anne Sheehan sold 5,060 shares of the company’s stock in a transaction on Thursday, March 17th. The stock was 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. In the last three months, insiders sold 83,020 shares of company stock worth $3,891,262. 0.95% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its position in shares of Victoria’s Secret & Co. by 774.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after buying an additional 565 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Victoria’s Secret & Co. by 10,416.7% during the fourth quarter. Bessemer Group Inc. now owns 631 shares of the company’s stock valued at $35,000 after purchasing an additional 625 shares in the last quarter. AlphaCentric Advisors LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $35,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth $44,000. Finally, UMB Bank N A MO bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.

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Earnings History and Estimates for Victoria's Secret & Co. (NYSE:VSCO)

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