Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target hoisted by Jefferies Financial Group from $30.00 to $40.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. BMO Capital Markets increased their price target on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. Morgan Stanley increased their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. Trading Up 0.3 %

VSCO opened at $36.05 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 20.96 and a beta of 2.10. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $37.62. The stock has a fifty day moving average price of $27.61 and a 200-day moving average price of $22.51.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maverick Capital Ltd. purchased a new stake in Victoria’s Secret & Co. in the third quarter valued at $986,000. Verition Fund Management LLC acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $3,021,000. Martingale Asset Management L P purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth about $831,000. FORA Capital LLC purchased a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $1,521,000. Finally, MetLife Investment Management LLC raised its position in Victoria’s Secret & Co. by 129.1% during the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock valued at $1,173,000 after acquiring an additional 25,723 shares in the last quarter. Institutional investors and hedge funds 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.