Victoria’s Secret & Co. (NYSE:VSCO) Reaches New 12-Month High – What’s Next?

by · The Cerbat Gem

Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $57.63 and last traded at $57.3360, with a volume of 209216 shares trading hands. The stock had previously closed at $55.12.

Analyst Ratings Changes

A number of research analysts recently issued reports on VSCO shares. Wall Street Zen upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Barclays reissued an “overweight” rating on shares of Victoria’s Secret & Co. in a report on Tuesday. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $34.00 to $60.00 in a report on Friday, December 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a report on Monday, December 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Victoria’s Secret & Co. from $32.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.30.

View Our Latest Research Report on Victoria’s Secret & Co.

Victoria’s Secret & Co. Stock Performance

The firm has a 50 day simple moving average of $44.44 and a 200-day simple moving average of $31.09. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.30 and a quick ratio of 0.38. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 2.21 and a beta of 2.21.

Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) last released its earnings results on Friday, December 5th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.60) by $0.33. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 33.47% and a net margin of 2.67%.Victoria’s Secret & Co.’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.50) EPS. 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, analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

A number of hedge funds have recently modified their holdings of VSCO. Primecap Management Co. CA increased its stake in shares of Victoria’s Secret & Co. by 1,586.7% during the second quarter. Primecap Management Co. CA now owns 1,972,333 shares of the company’s stock worth $36,528,000 after acquiring an additional 1,855,400 shares during the period. Millennium Management LLC raised its holdings in Victoria’s Secret & Co. by 9,595.8% during the first quarter. Millennium Management LLC now owns 1,419,080 shares of the company’s stock worth $26,367,000 after purchasing an additional 1,404,444 shares during the last quarter. Goldentree Asset Management LP increased its holdings in Victoria’s Secret & Co. by 71.8% during the 2nd quarter. Goldentree Asset Management LP now owns 2,989,087 shares of the company’s stock valued at $55,242,000 after acquiring an additional 1,249,065 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Victoria’s Secret & Co. by 2,729.6% in the second quarter. Marshall Wace LLP now owns 923,823 shares of the company’s stock valued at $17,109,000 after purchasing an additional 891,175 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $20,870,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile

(Get Free Report)

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.

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