Brokerages Set Victoria’s Secret & Co. (NYSE:VSCO) Price Target at $18.50

Victoria’s Secret & Co. (NYSE:VSCO) has been assigned a consensus recommendation of “Reduce” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.50.

A number of analysts recently commented on VSCO shares. Morgan Stanley cut shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $19.00 to $15.00 in a research note on Monday, May 6th. Telsey Advisory Group reissued a “market perform” rating and set a $20.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, June 6th. The Goldman Sachs Group initiated coverage on Victoria’s Secret & Co. in a research report on Thursday, April 25th. They set a “sell” rating and a $14.00 price target on the stock. Barclays raised their price objective on shares of Victoria’s Secret & Co. from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, May 17th.

Victoria’s Secret & Co. Stock Down 4.9 %

VSCO stock opened at $18.05 on Tuesday. The stock has a market cap of $1.41 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.17 and a beta of 2.08. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. The stock’s fifty day simple moving average is $19.38 and its two-hundred day simple moving average is $21.51. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Analysts expect that Victoria’s Secret & Co. will post 1.72 EPS for the current year.

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

Several institutional investors and hedge funds have recently bought and sold shares of VSCO. GAMMA Investing LLC purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $41,000. Harvest Fund Management Co. Ltd bought a new stake in Victoria’s Secret & Co. in the 4th quarter worth $58,000. Frazier Financial Advisors LLC purchased a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at about $76,000. Arena Capital Advisors LLC CA bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at about $106,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Victoria’s Secret & Co. by 24.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock worth $107,000 after purchasing an additional 790 shares during the period. 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 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.