Telsey Advisory Group Comments on Victoria’s Secret & Co.’s FY2023 Earnings (NYSE:VSCO)

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) – Research analysts at Telsey Advisory Group decreased their FY2023 earnings per share estimates for shares of Victoria’s Secret & Co. in a note issued to investors on Thursday, January 12th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of $4.72 for the year, down from their prior estimate of $4.80. Telsey Advisory Group currently has a “Market Perform” rating and a $52.00 target price on the stock. The consensus estimate for Victoria’s Secret & Co.’s current full-year earnings is $4.69 per share. Telsey Advisory Group also issued estimates for Victoria’s Secret & Co.’s Q2 2024 earnings at $1.18 EPS, Q4 2024 earnings at $2.60 EPS and FY2024 earnings at $5.10 EPS.

A number of other brokerages have also recently weighed in on VSCO. BMO Capital Markets raised their price objective on Victoria’s Secret & Co. from $45.00 to $53.00 in a report on Thursday, December 1st. UBS Group cut Victoria’s Secret & Co. from a “neutral” rating to a “sell” rating in a report on Thursday, January 5th. JPMorgan Chase & Co. cut Victoria’s Secret & Co. from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $51.00 to $43.00 in a report on Thursday, December 1st. Cowen lifted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 in a research note on Friday, December 2nd. Finally, Evercore ISI lifted their price target on Victoria’s Secret & Co. to $60.00 in a research note on Friday, December 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus price target of $50.18.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $38.39 on Monday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.98 and a beta of 2.13. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 4.94. Victoria’s Secret & Co. has a 1-year low of $26.14 and a 1-year high of $65.20. The stock’s 50-day moving average is $40.84 and its 200 day moving average is $36.53.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last announced its quarterly earnings data on Wednesday, November 30th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Victoria’s Secret & Co. had a return on equity of 178.60% and a net margin of 6.48%.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 109,968 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $46.08, for a total transaction of $5,067,325.44. Following the transaction, the insider now directly owns 8,118,804 shares of the company’s stock, valued at $374,114,488.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several hedge funds have recently made changes to their positions in VSCO. Rockefeller Capital Management L.P. boosted its position in shares of Victoria’s Secret & Co. by 178.9% during the third quarter. Rockefeller Capital Management L.P. now owns 859 shares of the company’s stock valued at $25,000 after purchasing an additional 551 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in shares of Victoria’s Secret & Co. during the second quarter valued at approximately $30,000. Parkside Financial Bank & Trust boosted 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 valued at $33,000 after purchasing an additional 565 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Victoria’s Secret & Co. by 26.7% during the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after purchasing an additional 329 shares in the last quarter. Finally, Islay Capital Management LLC bought a new stake in shares of Victoria’s Secret & Co. during the second quarter valued at approximately $62,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile

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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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