TD Cowen Issues Positive Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective upped by equities research analysts at TD Cowen from $35.00 to $45.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s target price would indicate a potential downside of 5.00% from the company’s previous close.

Several other equities research analysts also recently issued reports on VSCO. Telsey Advisory Group restated a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a report on Friday. 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 reaffirmed an “equal weight” rating and issued a $45.00 price target (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research note on Monday. UBS Group increased their price objective on shares of Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.09.

Victoria’s Secret & Co. Trading Down 1.4 %

Shares of Victoria’s Secret & Co. stock traded down $0.65 during trading on Monday, hitting $47.37. 1,784,022 shares of the company were exchanged, compared to its average volume of 2,715,212. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market capitalization of $3.72 billion, a P/E ratio of 24.63 and a beta of 2.19. The firm’s fifty day moving average price is $32.31 and its 200 day moving average price is $24.75. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.70.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.86) earnings per share. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

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

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

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.