Victoria’s Secret & Co. (NYSE:VSCO) Hits New 52-Week High – Still a Buy?

Victoria’s Secret & Co. (NYSE:VSCO) shares hit a new 52-week high during trading on Friday . The stock traded as high as $56.59 and last traded at $56.5470, with a volume of 1378473 shares traded. The stock had previously closed at $54.53.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of analyst reports. Telsey Advisory Group raised Victoria’s Secret & Co. from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $66.00 in a research report on Wednesday. The Goldman Sachs Group upped their target price on Victoria’s Secret & Co. from $32.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Monday, December 8th. Barclays restated an “overweight” rating and issued a $47.00 price target on shares of Victoria’s Secret & Co. in a research report on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $53.30.

Victoria’s Secret & Co. Stock Up 4.1%

The company has a quick ratio of 0.38, a current ratio of 1.30 and a debt-to-equity ratio of 1.96. The firm has a 50 day moving average of $38.75 and a two-hundred day moving average of $28.05. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.20 and a beta of 2.24.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Friday, December 5th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. The firm 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 business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($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, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Primecap Management Co. CA raised 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 valued at $36,528,000 after acquiring an additional 1,855,400 shares during the last quarter. Millennium Management LLC grew its stake in shares of Victoria’s Secret & Co. by 9,595.8% in 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% in the second quarter. Goldentree Asset Management LP now owns 2,989,087 shares of the company’s stock valued at $55,242,000 after purchasing an additional 1,249,065 shares during the period. Marshall Wace LLP increased its holdings in 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 during the period. Finally, Cramer Rosenthal Mcglynn LLC raised its position in Victoria’s Secret & Co. by 163.0% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company’s stock worth $26,140,000 after purchasing an additional 871,968 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.