Victoria’s Secret & Co. (VSCO) Scheduled to Post Quarterly Earnings on Tuesday

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) is set to issue its quarterly earnings data after the market closes on Tuesday, May 31st. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Victoria’s Secret & Co. has set its Q1 2022 guidance at $0.700-$0.950 EPS and its Q1 guidance at $0.70-0.95 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last posted its quarterly 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 company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $3.20 EPS. On average, analysts expect Victoria’s Secret & Co. to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

VSCO stock opened at $43.90 on Tuesday. The business has a 50-day simple moving average of $49.17 and a 200 day simple moving average of $52.17. Victoria’s Secret & Co. has a 52 week low of $40.90 and a 52 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 Victoria’s Secret & Co. news, CEO Amy Hauk sold 2,657 shares of the stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $50.64, for a total transaction of $134,550.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne Sheehan sold 5,060 shares of the stock in a transaction that occurred 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. Insiders sold 83,020 shares of company stock valued at $3,891,262 in the last ninety days. 0.95% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC raised its position in shares of Victoria’s Secret & Co. by 3.9% during the fourth quarter. Guggenheim Capital LLC now owns 7,755 shares of the company’s stock worth $431,000 after purchasing an additional 290 shares during the period. American International Group Inc. raised its position in shares of Victoria’s Secret & Co. by 0.4% during the first quarter. American International Group Inc. now owns 123,456 shares of the company’s stock worth $6,341,000 after purchasing an additional 552 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Victoria’s Secret & Co. by 774.0% during the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock worth $33,000 after purchasing an additional 565 shares during the period. Captrust Financial Advisors raised its position in shares of Victoria’s Secret & Co. by 85.3% during the first quarter. Captrust Financial Advisors now owns 1,232 shares of the company’s stock worth $63,000 after purchasing an additional 567 shares during the period. Finally, NEXT Financial Group Inc raised its position in shares of Victoria’s Secret & Co. by 606.2% during the fourth quarter. NEXT Financial Group Inc now owns 918 shares of the company’s stock worth $51,000 after purchasing an additional 788 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

A number of research analysts recently commented on the company. UBS Group assumed coverage on Victoria’s Secret & Co. in a research note on Monday, January 24th. They issued a “neutral” rating and a $59.00 price target for the company. BMO Capital Markets lowered their target price on Victoria’s Secret & Co. from $80.00 to $72.00 in a research note on Thursday, March 3rd. Zacks Investment Research raised Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Evercore ISI reissued a “buy” rating and set a $100.00 target price on shares of Victoria’s Secret & Co. in a research note on Friday, March 4th. Finally, JPMorgan Chase & Co. lowered their target price on Victoria’s Secret & Co. from $86.00 to $71.00 in a research note on Monday, May 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $72.64.

About Victoria’s Secret & Co. (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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