Bank of America Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $18.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target increased by Bank of America from $15.00 to $18.00 in a report released on Thursday, Benzinga reports. They currently have an underperform rating on the stock.

Several other research analysts have also commented on the company. Morgan Stanley raised Victoria’s Secret & Co. from an underweight rating to an equal weight rating in a report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Victoria’s Secret & Co. from $15.00 to $17.00 and gave the stock a sell rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective 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. Telsey Advisory Group reaffirmed 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. Finally, Barclays increased their target price on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the company an underweight rating in a research note on Friday, June 7th. Five 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’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $19.80.

Victoria’s Secret & Co. Stock Down 1.1 %

Shares of NYSE:VSCO opened at $24.09 on Thursday. The firm has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $20.54. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.34 and a beta of 2.08. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. Analysts anticipate that Victoria’s Secret & Co. will post 1.76 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in VSCO. GAMMA Investing LLC bought a new position in Victoria’s Secret & Co. during the 4th quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. in the second quarter valued at approximately $50,000. Quarry LP lifted its position in Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $58,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $76,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.