Victoria's Secret & Co. (NYSE:VSCO) Updates Q1 Earnings Guidance

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) updated its first quarter earnings guidance on Friday. The company provided EPS guidance of $0.07-0.12 for the period, compared to the consensus EPS estimate of $0.03. The company issued revenue guidance of down 3-4% to ~$1.37-1.38 billion, compared to the consensus revenue estimate of $1.35 billion.

Analysts Set New Price Targets

Several brokerages recently weighed in on VSCO. The Goldman Sachs Group started coverage on Victoria's Secret & Co. in a research note on Thursday, April 25th. They set a sell rating and a $14.00 target price for the company. Telsey Advisory Group reiterated a market perform rating and issued a $20.00 target price on shares of Victoria's Secret & Co. in a report on Friday. Bank of America restated an underperform rating and set a $15.00 target price (down from $34.00) on shares of Victoria's Secret & Co. in a report on Friday, March 8th. Barclays cut Victoria's Secret & Co. from an equal weight rating to an underweight rating and dropped their price target for the company from $15.00 to $14.00 in a report on Wednesday. Finally, BMO Capital Markets reduced their price objective on Victoria's Secret & Co. from $29.00 to $26.00 and set an outperform rating for the company in a research note on Thursday, March 7th. Six research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $17.90.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock traded up $1.00 during midday trading on Friday, hitting $19.60. The company had a trading volume of 3,882,556 shares, compared to its average volume of 2,238,945. Victoria's Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The stock has a market cap of $1.52 billion, a PE ratio of 14.41, a P/E/G ratio of 1.14 and a beta of 2.05. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The business's 50 day simple moving average is $18.74 and its two-hundred day simple moving average is $22.63.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.46 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. Victoria's Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. As a group, equities analysts predict that Victoria's Secret & Co. will post 1.67 EPS for the current fiscal year.

Victoria's Secret & Co. Company Profile

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.