Victoria’s Secret & Co. (NYSE:VSCO) Stock Rating Reaffirmed by Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research note issued on Friday, Benzinga reports. They presently have a $45.00 price target on the stock. Telsey Advisory Group’s price target points to a potential upside of 25.77% from the stock’s current price.

A number of other research firms also recently commented on VSCO. Cowen upped their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 in a report on Friday, December 2nd. Barclays dropped their price target on shares of Victoria’s Secret & Co. from $51.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 13th. BMO Capital Markets increased their price objective on shares of Victoria’s Secret & Co. from $45.00 to $53.00 in a report on Thursday, December 1st. JPMorgan Chase & Co. raised their target price on shares of Victoria’s Secret & Co. from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, January 23rd. Finally, Cowen raised their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 in a research note on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.73.

Victoria’s Secret & Co. Stock Down 5.2 %

Victoria’s Secret & Co. stock opened at $35.78 on Friday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 8.62, a P/E/G ratio of 0.88 and a beta of 2.19. The stock’s fifty day simple moving average is $39.12 and its 200-day simple moving average is $38.35. 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 twelve month low of $26.14 and a twelve month high of $56.23.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last announced its earnings results on Friday, March 3rd. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.14. Victoria’s Secret & Co. had a net margin of 5.49% and a return on equity of 161.81%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities analysts expect that Victoria’s Secret & Co. will post 5.13 earnings per share for the current fiscal year.

Insider Activity

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 116,750 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $46.09, for a total transaction of $5,381,007.50. Following the completion of the transaction, the insider now owns 8,002,054 shares in the company, valued at approximately $368,814,668.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of hedge funds have recently made changes to their positions in VSCO. BlackRock Inc. increased its position in shares of Victoria’s Secret & Co. by 13.8% during the third quarter. BlackRock Inc. now owns 6,894,503 shares of the company’s stock valued at $200,768,000 after buying an additional 837,450 shares during the period. Wellington Management Group LLP raised its holdings in shares of 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 valued at $172,904,000 after acquiring an additional 237,651 shares in the last quarter. Primecap Management Co. CA raised its holdings in Victoria’s Secret & Co. by 18.8% in the third quarter. Primecap Management Co. CA now owns 2,671,528 shares of the company’s stock worth $77,795,000 after purchasing an additional 423,260 shares in the last quarter. UBS Group AG grew its stake in shares of Victoria’s Secret & Co. by 35.2% in the third quarter. UBS Group AG now owns 2,340,812 shares of the company’s stock worth $68,164,000 after acquiring an additional 609,435 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Victoria’s Secret & Co. by 10.4% in the third quarter. State Street Corp now owns 2,310,294 shares of the company’s stock worth $67,276,000 after acquiring an additional 218,162 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

About Victoria’s Secret & Co.

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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.