Victoria’s Secret & Co. (NYSE:VSCO) Upgraded at UBS Group

UBS Group upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from a sell rating to a neutral rating in a report published on Tuesday morning, MarketBeat reports. The firm currently has $47.00 price objective on the stock, up from their prior price objective of $18.00.

VSCO has been the topic of several other research reports. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen upped their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday. Wells Fargo & Company reiterated an “equal weight” rating and set a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday. Telsey Advisory Group restated a “market perform” rating and issued a $40.00 price objective on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $36.73.

Victoria’s Secret & Co. Stock Down 1.0 %

Shares of NYSE:VSCO opened at $46.78 on Tuesday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.70. The stock has a market cap of $3.68 billion, a P/E ratio of 24.24, a PEG ratio of 2.66 and a beta of 2.19. The business has a fifty day moving average of $34.06 and a two-hundred day moving average of $25.43. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced 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. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted ($0.86) earnings per share. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that Victoria’s Secret & Co. will post 2.24 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dark Forest Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth $589,000. Forest Avenue Capital Management LP acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $40,861,000. Aristeia Capital L.L.C. purchased a new stake in Victoria’s Secret & Co. during the 2nd quarter worth about $1,171,000. MetLife Investment Management LLC boosted its position in shares of Victoria’s Secret & Co. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after acquiring an additional 25,723 shares in the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at about $408,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.