Victoria’s Secret (NYSE:VSCO) Expected to Post Earnings of $2.64 Per Share

Analysts expect Victoria’s Secret (NYSE:VSCO) to report $2.64 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Victoria’s Secret’s earnings, with estimates ranging from $2.62 to $2.65. The company is scheduled to report its next quarterly earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that Victoria’s Secret will report full year earnings of $7.04 per share for the current financial year, with EPS estimates ranging from $6.82 to $7.15. For the next fiscal year, analysts forecast that the business will post earnings of $7.28 per share, with EPS estimates ranging from $6.88 to $7.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Victoria’s Secret.

Victoria’s Secret (NYSE:VSCO) last released its earnings results on Thursday, November 18th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Victoria’s Secret’s quarterly revenue was up 6.5% compared to the same quarter last year.

A number of research firms have recently commented on VSCO. Jefferies Financial Group began coverage on Victoria’s Secret in a research note on Tuesday, November 30th. They issued a “buy” rating and a $75.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $69.00 price target (down from $76.00) on shares of Victoria’s Secret in a report on Monday, December 27th. Wells Fargo & Company lowered their price target on Victoria’s Secret from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, November 18th. They noted that the move was a valuation call. Bank of America lowered their price target on Victoria’s Secret from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, November 18th. Finally, B. Riley lowered their price target on Victoria’s Secret from $87.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, November 19th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $83.44.

In other Victoria’s Secret news, CEO Gregory Unis sold 6,357 shares of the stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $57.19, for a total value of $363,556.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anne Sheehan sold 1,033 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $57.80, for a total value of $59,707.40. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. City Holding Co. bought a new position in shares of Victoria’s Secret in the third quarter worth about $27,000. First Quadrant L P CA bought a new position in shares of Victoria’s Secret in the third quarter worth about $29,000. Nkcfo LLC bought a new position in shares of Victoria’s Secret in the third quarter worth about $29,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Victoria’s Secret in the third quarter worth about $44,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Victoria’s Secret during the third quarter worth about $50,000. 90.92% of the stock is currently owned by hedge funds and other institutional investors.

NYSE VSCO opened at $56.33 on Wednesday. Victoria’s Secret has a 12 month low of $45.65 and a 12 month high of $76.00. The business has a fifty day moving average of $52.88. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.37 and a current ratio of 1.01.

Victoria’s Secret Company Profile

Victoria’s Secret & Co is an intimate specialty retailer offering assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear and athleisure, as well as prestige fragrances and body care. Victoria’s Secret & Co is based in COLUMBUS, Ohio.

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Earnings History and Estimates for Victoria's Secret (NYSE:VSCO)

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