Victoria’s Secret & Co. (NYSE:VSCO) Upgraded at Morgan Stanley

Victoria’s Secret & Co. (NYSE:VSCO) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Friday. The brokerage currently has a $60.00 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 25.93% from the company’s previous close.

A number of other analysts have also recently weighed in on VSCO. JPMorgan Chase & Co. increased their price target on shares of Victoria’s Secret & Co. from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Wells Fargo & Company raised their price target on Victoria’s Secret & Co. from $14.00 to $17.00 and gave the stock an “underweight” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Victoria’s Secret & Co. in a research note on Thursday, October 30th. Barclays reiterated an “overweight” rating and set a $47.00 price target on shares of Victoria’s Secret & Co. in a research note on Monday. Finally, Jefferies Financial Group cut their price target on Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, August 29th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.18.

Victoria’s Secret & Co. Stock Up 14.6%

Shares of Victoria’s Secret & Co. stock traded up $6.08 during trading hours on Friday, hitting $47.65. The company had a trading volume of 8,632,342 shares, compared to its average volume of 3,192,326. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.36. The company’s 50-day moving average is $33.90 and its two-hundred day moving average is $25.93. The company has a market cap of $3.82 billion, a P/E ratio of 26.49 and a beta of 2.24. Victoria’s Secret & Co. has a twelve month low of $13.76 and a twelve month high of $50.22.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Friday, December 5th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.60) by $0.33. Victoria’s Secret & Co. had a net margin of 2.42% and a return on equity of 33.77%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm posted ($0.50) earnings per share. Victoria’s Secret & Co.’s revenue for the quarter was up 9.2% on a year-over-year basis. 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. Analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the business. Virtus Advisers LLC acquired a new position in shares of Victoria’s Secret & Co. during the 1st quarter valued at about $30,000. Aster Capital Management DIFC Ltd acquired a new position in Victoria’s Secret & Co. during the third quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in Victoria’s Secret & Co. during the second quarter worth approximately $35,000. Hara Capital LLC purchased a new position in Victoria’s Secret & Co. during the second quarter worth approximately $36,000. Finally, State of Wyoming acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $48,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

About Victoria’s Secret & Co.

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.