Jefferies Financial Group Forecasts Strong Price Appreciation for Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) had its price target increased by equities research analysts at Jefferies Financial Group from $30.00 to $40.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 11.39% from the stock’s previous close.

A number of other equities research analysts have also recently commented on VSCO. 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. TD Cowen boosted 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 report on Friday, August 30th. The Goldman Sachs Group upped their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Finally, Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Three 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Stock Up 2.7 %

VSCO traded up $0.94 on Tuesday, hitting $35.91. The company had a trading volume of 1,292,916 shares, compared to its average volume of 2,750,078. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $37.62. The stock has a fifty day simple moving average of $26.86 and a 200-day simple moving average of $22.19. The firm has a market capitalization of $2.82 billion, a P/E ratio of 20.88 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. As a group, equities analysts expect that Victoria’s Secret & Co. will post 1.96 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of VSCO. Charles Schwab Investment Management Inc. boosted its holdings in Victoria’s Secret & Co. by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after acquiring an additional 76,858 shares during the period. Intech Investment Management LLC acquired a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $382,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $360,000. Aigen Investment Management LP purchased a new stake in Victoria’s Secret & Co. during the third quarter worth $332,000. Finally, Versor Investments LP acquired a new position in shares of Victoria’s Secret & Co. in the third quarter worth $907,000. 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.