Victoria’s Secret & Co. (NYSE:VSCO) Releases Q2 2022 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) issued an update on its second quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.95-$1.25 for the period, compared to the consensus estimate of $1.19. The company issued revenue guidance of -.

Shares of VSCO opened at $40.44 on Tuesday. The company has a market cap of $3.35 billion and a price-to-earnings ratio of 6.58. Victoria’s Secret & Co. has a twelve month low of $38.48 and a twelve month 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. The company has a 50 day moving average of $47.26 and a two-hundred day moving average of $51.45.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last announced its earnings results on Tuesday, May 31st. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.27. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.47 billion. Victoria’s Secret & Co. had a net margin of 8.24% and a return on equity of 122.62%. Victoria’s Secret & Co.’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, sell-side analysts expect that Victoria’s Secret & Co. will post 6.95 EPS for the current year.

VSCO has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on shares of Victoria’s Secret & Co. from $80.00 to $72.00 in a report on Thursday, March 3rd. Evercore ISI decreased their price target on shares of Victoria’s Secret & Co. to $65.00 in a report on Friday. B. Riley decreased their price target on shares of Victoria’s Secret & Co. from $77.00 to $63.00 and set a buy rating for the company in a report on Thursday, June 2nd. Barclays decreased their price target on shares of Victoria’s Secret & Co. from $61.00 to $60.00 and set an overweight rating for the company in a report on Thursday, June 2nd. Finally, Morgan Stanley decreased their price target on shares of Victoria’s Secret & Co. from $54.00 to $51.00 and set an equal weight rating for the company in a report on Thursday, June 2nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $62.91.

In other news, Director Anne Sheehan sold 5,060 shares of Victoria’s Secret & Co. stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $51.61, for a total value of $261,146.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Amy Hauk sold 2,657 shares of Victoria’s Secret & Co. stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of $50.64, for a total transaction of $134,550.48. The disclosure for this sale can be found here. 0.95% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Victoria’s Secret & Co. by 7.6% during the first quarter. Wellington Management Group LLP now owns 3,366,496 shares of the company’s stock worth $172,904,000 after acquiring an additional 237,651 shares during the last quarter. UBS Group AG boosted its position in Victoria’s Secret & Co. by 125.9% during the first quarter. UBS Group AG now owns 1,092,606 shares of the company’s stock worth $56,116,000 after acquiring an additional 609,003 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Victoria’s Secret & Co. by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 889,936 shares of the company’s stock worth $45,707,000 after acquiring an additional 158,620 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Victoria’s Secret & Co. by 29.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 780,473 shares of the company’s stock worth $40,086,000 after acquiring an additional 179,274 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Victoria’s Secret & Co. by 0.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 669,330 shares of the company’s stock worth $34,377,000 after purchasing an additional 2,614 shares during the period. Hedge funds and other institutional investors 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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