Victoria’s Secret & Co. (NYSE:VSCO) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from a neutral rating to an overweight rating in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have $60.00 target price on the stock, up from their previous target price of $34.00.

Several other equities research analysts have also weighed in on VSCO. Wall Street Zen upgraded Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Zacks Research upgraded shares of Victoria’s Secret & Co. to a “hold” rating in a report on Monday, August 11th. Telsey Advisory Group upped their target price on shares of Victoria’s Secret & Co. from $29.00 to $45.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 2nd. Barclays reissued an “overweight” rating and set a $47.00 price target on shares of Victoria’s Secret & Co. in a research report on Monday, December 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Victoria’s Secret & Co. from $14.00 to $17.00 and gave the stock an “underweight” rating in a research note on Friday, August 29th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.09.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $49.01 on Friday. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $50.22. The stock has a market capitalization of $3.93 billion, a P/E ratio of 23.91 and a beta of 2.24. The company’s 50-day moving average is $34.35 and its 200 day moving average is $26.15. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.36.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data 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. Victoria’s Secret & Co. had a return on equity of 33.56% and a net margin of 2.67%.The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted ($0.50) EPS. The business’s revenue 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. On average, sell-side analysts expect 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.

A number of institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Victoria’s Secret & Co. during the 2nd quarter valued at $200,000. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Victoria’s Secret & Co. by 163.0% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company’s stock valued at $26,140,000 after purchasing an additional 871,968 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in shares of Victoria’s Secret & Co. by 219.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 55,542 shares of the company’s stock valued at $1,029,000 after buying an additional 38,149 shares during the last quarter. Bank of Montreal Can increased its holdings in Victoria’s Secret & Co. by 45.9% in the 2nd quarter. Bank of Montreal Can now owns 28,266 shares of the company’s stock worth $523,000 after buying an additional 8,892 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Victoria’s Secret & Co. by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company’s stock worth $166,599,000 after buying an additional 38,695 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.