Victoria's Secret & Co. (NYSE:VSCO) Price Target Raised to $27.00

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 - Free Report) had its target price lifted by JPMorgan Chase & Co. from $22.00 to $27.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 price objective on shares of Victoria's Secret & Co. in a research report on Wednesday, June 11th. UBS Group set a $24.00 target price on shares of Victoria's Secret & Co. and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Bank of America dropped 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 report on Thursday, June 12th. Finally, Jefferies Financial Group dropped their target price on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.09.

Victoria's Secret & Co. Stock Performance

Shares of VSCO stock traded down $0.86 during mid-day trading on Monday, reaching $18.66. 2,040,825 shares of the company's stock traded hands, compared to its average volume of 3,470,455. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The firm has a 50 day moving average price of $20.13 and a two-hundred day moving average price of $23.04. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 1.16. The firm has a market capitalization of $1.49 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.09 and a beta of 2.18.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 firm posted $0.12 EPS. The company's revenue for the quarter was down .5% compared to the same quarter last year. On average, research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new stake in shares of Victoria's Secret & Co. in the fourth quarter valued at about $218,000. American Century Companies Inc. lifted its holdings in shares of Victoria's Secret & Co. by 16.7% in the 4th quarter. American Century Companies Inc. now owns 204,606 shares of the company's stock worth $8,475,000 after acquiring an additional 29,298 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Victoria's Secret & Co. in the 4th quarter worth approximately $617,000. LPL Financial LLC acquired a new position in shares of Victoria's Secret & Co. in the 4th quarter worth approximately $268,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Victoria's Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock worth $369,793,000 after acquiring an additional 58,981 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors.

About Victoria's Secret & Co.

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.