Victoria’s Secret & Co. (NYSE:VSCO) Upgraded at Bank of America

Bank of America upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from an underperform rating to a neutral rating in a research report sent to investors on Monday morning, MarketBeat.com reports. Bank of America currently has $52.00 price target on the stock.

VSCO has been the topic of several other reports. The Goldman Sachs Group lifted their price objective on Victoria’s Secret & Co. from $32.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday. Barclays reaffirmed an “overweight” rating and issued a $47.00 price target on shares of Victoria’s Secret & Co. in a report on Monday, December 1st. Jefferies Financial Group reduced their price objective on shares of Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $14.00 to $17.00 and gave the stock an “underweight” rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the company from $34.00 to $60.00 in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

Victoria’s Secret & Co. Stock Up 0.0%

Shares of NYSE:VSCO opened at $52.34 on Monday. The company has a quick ratio of 0.36, a current ratio of 1.30 and a debt-to-equity ratio of 1.96. The firm’s 50-day simple moving average is $35.81 and its 200-day simple moving average is $26.74. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.20 and a beta of 2.24. Victoria’s Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $53.34.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Friday, December 5th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.33. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted ($0.50) earnings per share. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. As a group, equities research analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

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

Institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its stake in Victoria’s Secret & Co. by 335.8% in the first quarter. US Bancorp DE now owns 11,409 shares of the company’s stock valued at $212,000 after buying an additional 8,791 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Victoria’s Secret & Co. by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company’s stock worth $166,599,000 after acquiring an additional 38,695 shares during the period. Savvy Advisors Inc. bought a new stake in Victoria’s Secret & Co. in the 1st quarter valued at $195,000. Invesco Ltd. lifted its position in Victoria’s Secret & Co. by 13.6% in the 1st quarter. Invesco Ltd. now owns 715,836 shares of the company’s stock valued at $13,300,000 after acquiring an additional 85,874 shares in the last quarter. Finally, Aigen Investment Management LP boosted its stake in Victoria’s Secret & Co. by 51.3% in the 1st quarter. Aigen Investment Management LP now owns 19,375 shares of the company’s stock worth $360,000 after purchasing an additional 6,573 shares during the period. Institutional investors and hedge funds 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.