Victoria's Secret & Co.'s (VSCO) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in a research note published on Friday morning, Benzinga reports. The firm currently has a $20.00 price objective on the stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Victoria's Secret & Co. from $32.00 to $25.00 and set an overweight rating for the company in a research note on Thursday, March 7th. The Goldman Sachs Group assumed coverage on shares of Victoria's Secret & Co. in a report on Thursday, April 25th. They issued a sell rating and a $14.00 target price for the company. Morgan Stanley cut shares of Victoria's Secret & Co. from an equal weight rating to an underweight rating and decreased their target price for the stock from $19.00 to $15.00 in a report on Monday. JPMorgan Chase & Co. reiterated an underweight rating and issued a $15.00 target price (down from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, March 7th. Finally, Barclays cut shares of Victoria's Secret & Co. from an equal weight rating to an underweight rating and decreased their price target for the stock from $15.00 to $14.00 in a report on Wednesday. Six analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $17.90.

Victoria's Secret & Co. Stock Up 5.4 %

NYSE:VSCO traded up $1.00 during trading hours on Friday, hitting $19.60. The stock had a trading volume of 3,882,556 shares, compared to its average volume of 2,704,519. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. Victoria's Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The business has a 50 day simple moving average of $18.91 and a two-hundred day simple moving average of $22.62. The company has a market cap of $1.52 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.11 and a beta of 2.05.

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

Institutional Investors Weigh In On Victoria's Secret & Co.

A number of institutional investors have recently bought and sold shares of the business. Kettle Hill Capital Management LLC acquired a new stake in shares of Victoria's Secret & Co. in the 3rd quarter valued at $18,645,000. Norges Bank bought a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at about $8,986,000. UBS Group AG raised its holdings in shares of Victoria's Secret & Co. by 11.0% in the third quarter. UBS Group AG now owns 3,323,016 shares of the company's stock valued at $55,428,000 after buying an additional 328,860 shares during the last quarter. 12 West Capital Management LP bought a new position in shares of Victoria's Secret & Co. in the first quarter valued at about $5,330,000. Finally, Newport Trust Company LLC bought a new position in shares of Victoria's Secret & Co. in the third quarter valued at about $3,344,000. 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.