Victoria’s Secret & Co. to Post Q3 2024 Earnings of ($0.85) Per Share, Telsey Advisory Group Forecasts (NYSE:VSCO)

Victoria’s Secret & Co. (NYSE:VSCO) – Stock analysts at Telsey Advisory Group decreased their Q3 2024 earnings estimates for Victoria’s Secret & Co. in a research report issued to clients and investors on Thursday, August 31st. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings of ($0.85) per share for the quarter, down from their previous estimate of ($0.18). Telsey Advisory Group has a “Market Perform” rating and a $21.00 price objective on the stock. The consensus estimate for Victoria’s Secret & Co.’s current full-year earnings is $2.44 per share. Telsey Advisory Group also issued estimates for Victoria’s Secret & Co.’s Q4 2024 earnings at $2.61 EPS, Q1 2025 earnings at $0.30 EPS, Q3 2025 earnings at ($0.70) EPS and Q4 2025 earnings at $2.87 EPS.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, August 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Victoria’s Secret & Co. had a return on equity of 112.91% and a net margin of 4.28%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share.

Several other research firms have also recently weighed in on VSCO. Barclays decreased their price objective on shares of Victoria’s Secret & Co. from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. JPMorgan Chase & Co. decreased their price objective on shares of Victoria’s Secret & Co. from $36.00 to $32.00 in a report on Monday, May 8th. 500.com reissued a “maintains” rating on shares of Victoria’s Secret & Co. in a report on Tuesday, May 9th. UBS Group decreased their price objective on shares of Victoria’s Secret & Co. from $16.00 to $15.00 and set a “sell” rating for the company in a report on Friday. Finally, Morgan Stanley cut their target price on shares of Victoria’s Secret & Co. from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus target price of $30.00.

Victoria’s Secret & Co. Stock Up 3.3 %

VSCO opened at $19.81 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 4.43. The firm has a 50 day moving average price of $19.33 and a 200-day moving average price of $25.58. Victoria’s Secret & Co. has a twelve month low of $16.78 and a twelve month high of $48.16. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 6.13, a PEG ratio of 0.76 and a beta of 1.86.

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

A number of hedge funds have recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock worth $44,000 after purchasing an additional 329 shares during the period. III Capital Management boosted its position in shares of Victoria’s Secret & Co. by 25.0% during the fourth quarter. III Capital Management now owns 1,858 shares of the company’s stock worth $66,000 after acquiring an additional 372 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Victoria’s Secret & Co. by 6.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,744 shares of the company’s stock worth $230,000 after acquiring an additional 393 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in Victoria’s Secret & Co. by 0.8% during the first quarter. Keeley Teton Advisors LLC now owns 62,894 shares of the company’s stock valued at $2,148,000 after acquiring an additional 526 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in Victoria’s Secret & Co. by 13.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,473 shares of the company’s stock valued at $159,000 after acquiring an additional 536 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers intimate apparel, bras, panties, lingerie, sleepwear, loungewear, athletic attire, swimwear, and sport and swim products, as well as beauty products, including fine fragrance, mists, and PINK Beauty products and accessories under the Victoria's Secret, PINK, Victoria's Secret Beauty, and Adore Me brands.