Equities Analysts Offer Predictions for Victoria’s Secret & Co.’s Q1 2024 Earnings (NYSE:VSCO)

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) – Stock analysts at Telsey Advisory Group cut their Q1 2024 earnings per share estimates for shares of Victoria’s Secret & Co. in a research report issued to clients and investors on Monday, March 6th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of $0.53 per share for the quarter, down from their prior estimate of $0.87. Telsey Advisory Group has a “Market Perform” rating and a $45.00 price objective on the stock. The consensus estimate for Victoria’s Secret & Co.’s current full-year earnings is $5.03 per share. Telsey Advisory Group also issued estimates for Victoria’s Secret & Co.’s Q4 2024 earnings at $3.07 EPS.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last announced its quarterly earnings data on Friday, March 3rd. The company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.14. Victoria’s Secret & Co. had a return on equity of 161.81% and a net margin of 5.49%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm posted $2.70 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis.

Several other research analysts have also weighed in on the company. Cowen upped their price target on Victoria’s Secret & Co. from $35.00 to $45.00 in a research report on Friday, December 2nd. Evercore ISI upped their price target on Victoria’s Secret & Co. to $60.00 in a research report on Friday, December 2nd. JPMorgan Chase & Co. upped their price target on Victoria’s Secret & Co. from $43.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, January 23rd. BMO Capital Markets upped their price target on Victoria’s Secret & Co. from $45.00 to $53.00 in a research report on Thursday, December 1st. Finally, Barclays dropped their price target on Victoria’s Secret & Co. from $51.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.09.

Victoria’s Secret & Co. Trading Down 2.6 %

Shares of NYSE VSCO opened at $33.81 on Wednesday. Victoria’s Secret & Co. has a 12 month low of $26.14 and a 12 month high of $56.23. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.72 and a beta of 2.19. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 4.94. The business has a fifty day simple moving average of $38.93 and a 200-day simple moving average of $38.21.

Insider Activity at Victoria’s Secret & Co.

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 stock was sold at an average price of $46.09, for a total value of $5,381,007.50. Following the completion of the sale, the insider now owns 8,002,054 shares in the company, valued at approximately $368,814,668.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.95% of the stock is owned by corporate insiders.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Victoria’s Secret & Co. by 13.8% in the 3rd quarter. BlackRock Inc. now owns 6,894,503 shares of the company’s stock worth $200,768,000 after buying an additional 837,450 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Victoria’s Secret & Co. by 7.6% in the 1st quarter. Wellington Management Group LLP now owns 3,366,496 shares of the company’s stock worth $172,904,000 after buying an additional 237,651 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of Victoria’s Secret & Co. by 18.8% in the 3rd quarter. Primecap Management Co. CA now owns 2,671,528 shares of the company’s stock worth $77,795,000 after buying an additional 423,260 shares in the last quarter. UBS Group AG raised its holdings in shares of Victoria’s Secret & Co. by 35.2% in the 3rd quarter. UBS Group AG now owns 2,340,812 shares of the company’s stock worth $68,164,000 after buying an additional 609,435 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Victoria’s Secret & Co. by 10.4% in the 3rd quarter. State Street Corp now owns 2,310,294 shares of the company’s stock worth $67,276,000 after buying an additional 218,162 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

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.