Victoria's Secret & Co. (NYSE:VSCO – Get Rating) had its price target lifted by JPMorgan Chase & Co. from $48.00 to $51.00 in a report published on Friday, The Fly reports.
A number of other research firms have also weighed in on VSCO. Cowen started coverage on Victoria's Secret & Co. in a research note on Monday, August 1st. They issued a market perform rating and a $40.00 target price on the stock. Evercore ISI cut their price target on Victoria's Secret & Co. to $65.00 in a research note on Friday, June 3rd. Barclays cut their price target on Victoria's Secret & Co. from $60.00 to $50.00 and set an overweight rating on the stock in a research note on Friday, August 26th. Cowen began coverage on Victoria's Secret & Co. in a research note on Monday, August 1st. They set a market perform rating and a $40.00 price target on the stock. Finally, B. Riley cut their price target on Victoria's Secret & Co. from $77.00 to $63.00 and set a buy rating on the stock in a research note on Thursday, June 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $53.08.
Get Victoria's Secret & Co. alerts:Victoria's Secret & Co. Stock Up 1.6 %
Shares of VSCO opened at $32.65 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.07 and a debt-to-equity ratio of 3.63. The business has a fifty day moving average of $34.94 and a 200 day moving average of $40.51. Victoria's Secret & Co. has a 52-week low of $26.14 and a 52-week high of $65.20. The company has a market cap of $2.65 billion and a PE ratio of 6.20.
Victoria's Secret & Co. (NYSE:VSCO – Get Rating) last released its earnings results on Thursday, August 25th. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.14. Victoria's Secret & Co. had a return on equity of 198.36% and a net margin of 7.13%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $1.71 earnings per share. The business's revenue was down 5.7% compared to the same quarter last year. On average, sell-side analysts expect that Victoria's Secret & Co. will post 4.6 EPS for the current year.Institutional Investors Weigh In On Victoria's Secret & Co.
A number of institutional investors have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina boosted its holdings in Victoria's Secret & Co. by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 27,528 shares of the company's stock worth $1,414,000 after acquiring an additional 433 shares in the last quarter. Swiss National Bank boosted its holdings in Victoria's Secret & Co. by 3.7% in the first quarter. Swiss National Bank now owns 208,900 shares of the company's stock worth $10,729,000 after acquiring an additional 7,400 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Victoria's Secret & Co. by 61.7% in the fourth quarter. Alliancebernstein L.P. now owns 204,044 shares of the company's stock worth $11,333,000 after acquiring an additional 77,877 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Victoria's Secret & Co. by 2.2% in the first quarter. Mutual of America Capital Management LLC now owns 66,251 shares of the company's stock worth $3,403,000 after acquiring an additional 1,410 shares in the last quarter. Finally, Violich Capital Management Inc. acquired a new stake in Victoria's Secret & Co. in the first quarter worth about $200,000. Institutional investors own 96.39% of the company's stock.
About Victoria's Secret & Co.
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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.
Further Reading
- Get a free copy of the StockNews.com research report on Victoria's Secret & Co. (VSCO)
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