Victoria’s Secret & Co. (NYSE:VSCO) Rating Increased to Neutral at UBS Group

Victoria’s Secret & Co. (NYSE:VSCO) was upgraded by equities researchers at UBS Group from a “sell” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a $47.00 price target on the stock, up from their prior price target of $18.00. UBS Group’s price objective would indicate a potential downside of 0.42% from the stock’s previous close.

A number of other research analysts have also issued reports on VSCO. TD Cowen boosted their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday. Bank of America boosted their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Jefferies Financial Group increased their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a research note on Monday. Finally, Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average price target of $36.73.

Victoria’s Secret & Co. Trading Down 1.7 %

Shares of VSCO stock opened at $47.20 on Tuesday. The company has a market capitalization of $3.71 billion, a P/E ratio of 24.46 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The business’s 50 day moving average is $32.74 and its two-hundred day moving average is $24.94. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.70.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.59% and a net margin of 2.47%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned ($0.86) earnings per share. Equities analysts forecast that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtus Fund Advisers LLC acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth approximately $27,000. Blue Trust Inc. grew its holdings in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. during the second quarter worth $50,000. Quarry LP raised its holdings in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.