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Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $53.54.
Several brokerages recently weighed in on VSCO. JPMorgan Chase & Co. dropped their price objective on Victoria’s Secret & Co. from $71.00 to $57.00 in a research report on Wednesday, June 1st. UBS Group increased their price target on Victoria’s Secret & Co. from $31.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, August 15th. Evercore ISI cut their price objective on Victoria’s Secret & Co. to $65.00 in a research note on Friday, June 3rd. Cowen started coverage on shares of Victoria’s Secret & Co. in a research report on Monday, August 1st. They set a “market perform” rating and a $40.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of Victoria’s Secret & Co. from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st.
Victoria’s Secret & Co. Trading Down 2.4%
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Shares of Victoria’s Secret & Co. stock opened at $32.76 on Friday. The business’s 50 day moving average is $34.09 and its 200-day moving average is $42.82. Victoria’s Secret & Co. has a 12-month low of $26.14 and a 12-month high of $67.11. The stock has a market cap of $2.72 billion and a P/E ratio of 6.22. The company has a quick ratio of 0.32, a current ratio of 1.04 and a debt-to-equity ratio of 3.89.
Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last announced its earnings results on Thursday, August 25th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.14. Victoria’s Secret & Co. had a net margin of 7.13% and a return on equity of 201.43%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts predict that Victoria’s Secret & Co. will post 4.82 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of VSCO. AlphaCentric Advisors LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at $35,000. Parkside Financial Bank & Trust raised its holdings in shares of Victoria’s Secret & Co. by 774.0% during the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after acquiring an additional 565 shares in the last quarter. UMB Bank NA MO bought a new position in shares of Victoria’s Secret & Co . during the fourth quarter valued at approximately $45,000. Venture Visionary Partners LLC purchased a new stake in Victoria’s Secret & Co. in the second quarter worth $30,000. Finally, Captrust Financial Advisors boosted its holdings in Victoria’s Secret & Co. by 85.3% in the first quarter. Captrust Financial Advisors now owns 1,232 shares of the company’s stock valued at $63,000 after acquiring an additional 567 shares in the last quarter. 96.39% of the stock is currently owned by institutional investors.
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.
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