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

Morgan Stanley upgraded shares of Victoria’s Secret & Co. (NYSE:VSCO) from an equal weight rating to an overweight rating in a research note published on Friday morning, MarketBeat reports. The firm currently has $60.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Victoria’s Secret & Co. to a “hold” rating in a report on Monday, August 11th. Telsey Advisory Group lifted 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 restated an “overweight” rating and issued a $47.00 target price on shares of Victoria’s Secret & Co. in a research note on Monday, December 1st. JPMorgan Chase & Co. increased their price target on Victoria’s Secret & Co. from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company lifted 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. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.09.

Victoria’s Secret & Co. Stock Up 17.9%

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

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Friday, December 5th. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm posted ($0.50) EPS. Victoria’s Secret & Co.’s quarterly revenue was up 9.2% compared to the same quarter last year. 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, equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Victoria’s Secret & Co. by 6.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,364 shares of the company’s stock valued at $378,000 after purchasing an additional 1,307 shares during the last quarter. US Bancorp DE increased its stake in shares of Victoria’s Secret & Co. by 335.8% in the first quarter. US Bancorp DE now owns 11,409 shares of the company’s stock worth $212,000 after purchasing an additional 8,791 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Victoria’s Secret & Co. by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company’s stock valued at $166,599,000 after purchasing an additional 38,695 shares during the period. Savvy Advisors Inc. bought a new stake in shares of Victoria’s Secret & Co. in the first quarter valued at approximately $195,000. Finally, Wolverine Asset Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 20.5% during the 1st quarter. Wolverine Asset Management LLC now owns 81,119 shares of the company’s stock valued at $1,507,000 after buying an additional 13,795 shares in the last quarter. Institutional investors 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.