Victoria’s Secret & Co. (NYSE:VSCO) Reaches New 1-Year High – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSCO) hit a new 52-week high on Monday . The company traded as high as $37.64 and last traded at $36.69, with a volume of 163843 shares traded. The stock had previously closed at $36.68.

Wall Street Analysts Forecast Growth

VSCO has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. BMO Capital Markets increased their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price target on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Price Performance

The stock has a 50 day moving average of $27.87 and a 200-day moving average of $22.71. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The company has a market cap of $2.92 billion, a PE ratio of 21.33 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equities analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSCO. The Manufacturers Life Insurance Company boosted its stake in shares of Victoria’s Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after buying an additional 412 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Victoria’s Secret & Co. by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Victoria’s Secret & Co. by 13.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after purchasing an additional 835 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Victoria’s Secret & Co. by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after purchasing an additional 1,000 shares during the period. Finally, Virtus Fund Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter valued at approximately $27,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

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.