Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $71.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lifted by Telsey Advisory Group from $66.00 to $71.00 in a report published on Monday, MarketBeat reports. Telsey Advisory Group currently has an outperform rating on the stock.

VSCO has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of Victoria’s Secret & Co. from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Bank of America raised shares of Victoria’s Secret & Co. from an “underperform” rating to a “neutral” rating and set a $52.00 price objective for the company in a research report on Monday, December 8th. Guggenheim initiated coverage on shares of Victoria’s Secret & Co. in a research report on Tuesday, December 9th. They set a “neutral” rating on the stock. Zacks Research downgraded Victoria’s Secret & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company set a $45.00 target price on Victoria’s Secret & Co. and gave the company an “equal weight” rating in a report on Tuesday, December 16th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $60.22 on Monday. The firm has a market capitalization of $4.83 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.29 and a beta of 2.19. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $66.89. The stock has a 50 day moving average price of $59.56 and a two-hundred day moving average price of $42.89. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.38 and a current ratio of 1.30.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Friday, December 5th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.33. Victoria’s Secret & Co. had a return on equity of 33.47% and a net margin of 2.67%.The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm earned ($0.50) earnings per share. Victoria’s Secret & Co.’s quarterly revenue was up 9.2% on a year-over-year basis. 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. Equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds have recently made changes to their positions in VSCO. Baird Financial Group Inc. purchased a new position in shares of Victoria’s Secret & Co. during the 1st quarter valued at $233,000. Royal Bank of Canada raised its stake in Victoria’s Secret & Co. by 279.1% in the 1st quarter. Royal Bank of Canada now owns 47,839 shares of the company’s stock valued at $888,000 after acquiring an additional 35,220 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Victoria’s Secret & Co. by 2.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company’s stock valued at $1,170,000 after purchasing an additional 1,797 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in Victoria’s Secret & Co. by 13.2% during the second quarter. Y Intercept Hong Kong Ltd now owns 18,266 shares of the company’s stock worth $338,000 after purchasing an additional 2,133 shares during the period. Finally, Jennison Associates LLC purchased a new position in shares of Victoria’s Secret & Co. in the second quarter worth about $369,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.