Victoria’s Secret & Co. (NYSE:VSCO) Given Average Rating of “Hold” by Brokerages

Victoria’s Secret & Co. (NYSE:VSCO) has received an average recommendation of “Hold” from the twelve brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.64.

VSCO has been the topic of several recent analyst reports. Bank of America dropped their price objective on Victoria’s Secret & Co. from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Thursday, June 12th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Victoria’s Secret & Co. in a research note on Wednesday, June 11th. Morgan Stanley restated a “positive” rating on shares of Victoria’s Secret & Co. in a research note on Thursday, June 12th. JPMorgan Chase & Co. raised their price objective on Victoria’s Secret & Co. from $17.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $15.00 price objective on shares of Victoria’s Secret & Co. in a research note on Wednesday, June 4th.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $19.08 on Friday. The company has a fifty day simple moving average of $20.49 and a 200 day simple moving average of $24.09. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The company has a market cap of $1.52 billion, a P/E ratio of 9.54, a PEG ratio of 1.01 and a beta of 2.18.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Victoria’s Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $0.12 EPS. Victoria’s Secret & Co.’s revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

Hedge funds have recently made changes to their positions in the business. Virtus Advisers LLC purchased a new position in Victoria’s Secret & Co. during the 1st quarter valued at about $30,000. CoreCap Advisors LLC grew its holdings in Victoria’s Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after buying an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $112,000. Finally, NBC Securities Inc. grew its holdings in Victoria’s Secret & Co. by 141,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock valued at $52,000 after buying an additional 2,820 shares in 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 lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.