Victoria’s Secret & Co. (NYSE:VSCO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from a hold rating to a buy rating in a report issued on Saturday.

Other research analysts have also recently issued reports about the stock. Telsey Advisory Group boosted their price objective on shares of Victoria’s Secret & Co. from $29.00 to $45.00 and gave the company a “market perform” rating in a report on Tuesday, December 2nd. Jefferies Financial Group cut their target price on shares of Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, August 29th. Wells Fargo & Company increased their price target on Victoria’s Secret & Co. from $14.00 to $17.00 and gave the company an “underweight” rating in a report on Friday, August 29th. The Goldman Sachs Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price target for the stock from $18.00 to $32.00 in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $34.00 to $60.00 in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.00.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $50.87 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $51.66. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 24.81 and a beta of 2.24. The business’s fifty day simple moving average is $34.84 and its two-hundred day simple moving average is $26.35.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Friday, December 5th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 33.56% and a net margin of 2.67%.Victoria’s Secret & Co.’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.50) EPS. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. Research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

A number of hedge funds have recently modified their holdings of VSCO. CIBC Bancorp USA Inc. bought a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at $201,000. Eaton Financial Holdings Company LLC lifted its position in shares of Victoria’s Secret & Co. by 33.6% in the third quarter. Eaton Financial Holdings Company LLC now owns 48,764 shares of the company’s stock valued at $1,323,000 after acquiring an additional 12,273 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Victoria’s Secret & Co. in the third quarter valued at about $1,769,000. Verition Fund Management LLC boosted its stake in shares of Victoria’s Secret & Co. by 32.1% in the third quarter. Verition Fund Management LLC now owns 202,793 shares of the company’s stock worth $5,504,000 after acquiring an additional 49,330 shares during the period. Finally, Polymer Capital Management US LLC purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $929,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.