Victoria’s Secret & Co. (NYSE:VSCO) Posts Earnings Results, Beats Expectations By $0.02 EPS

Victoria’s Secret & Co. (NYSE:VSCO) posted its quarterly earnings data on Wednesday. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02, reports. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. Victoria’s Secret & Co. updated its FY 2024 guidance to EPS and its Q3 2024 guidance to -0.800–0.600 EPS.

Victoria’s Secret & Co. Stock Down 3.7 %

VSCO opened at $23.97 on Friday. The company has a 50 day moving average of $19.38 and a 200 day moving average of $20.40. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $30.80. The company has a market cap of $1.88 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.30 and a beta of 2.08.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. in the 2nd quarter worth $50,000. Frazier Financial Advisors LLC bought a new stake in Victoria’s Secret & Co. in the 4th quarter worth $76,000. Quarry LP boosted its stake in shares of Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Victoria’s Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after purchasing an additional 790 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Victoria’s Secret & Co. from $15.00 to $17.00 and gave the company a “sell” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. increased their target price on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Bank of America increased their target price on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, August 15th. Telsey Advisory Group increased their target price on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.60.

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 bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.