JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Victoria's Secret & Co. (NYSE:VSCO) Stock

Key Points

• JPMorgan Chase & Co. has raised its price target for Victoria's Secret & Co. (NYSE:VSCO) from $22.00 to $27.00, indicating a potential upside of 25.90% from the current stock price.
• Victoria's Secret recently reported earnings of $0.09 per share, matching analysts' expectations, while quarterly revenue of $1.35 billion slightly exceeded estimates.
• Analyst ratings for Victoria's Secret are mixed, with three analysts giving a sell rating, six a hold rating, and four a buy rating, resulting in an average price target of $25.09.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $22.00 to $27.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 25.90% from the stock's current price.

Several other brokerages also recently weighed in on VSCO. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Bank of America cut their target price on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Thursday, June 12th. UBS Group set a $24.00 target price on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a research note on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and set a $23.00 price objective (up previously from $22.00) on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Finally, Jefferies Financial Group cut their price objective on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.09.

Victoria's Secret & Co. Price Performance

Victoria's Secret & Co. stock opened at $21.45 on Monday. The firm's 50-day simple moving average is $20.30 and its 200 day simple moving average is $23.21. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The firm has a market capitalization of $1.71 billion, a PE ratio of 10.72, a P/E/G ratio of 1.18 and a beta of 2.18. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.12 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Virtus Advisers LLC purchased a new position in Victoria's Secret & Co. in the first quarter valued at approximately $30,000. NBC Securities Inc. grew its position in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after acquiring an additional 2,820 shares in the last quarter. Allworth Financial LP grew its position in Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock valued at $57,000 after acquiring an additional 2,669 shares in the last quarter. KBC Group NV grew its position in Victoria's Secret & Co. by 40.8% in the first quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after acquiring an additional 1,132 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company's stock.

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.

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