Victoria’s Secret & Co. (NYSE:VSCO) Updates Q1 2024 Earnings Guidance

Victoria’s Secret & Co. (NYSE:VSCO) issued an update on its first quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.070-0.120 for the period, compared to the consensus estimate of -0.030. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. Victoria’s Secret & Co. also updated its FY 2024 guidance to EPS.

Wall Street Analyst Weigh In

VSCO has been the topic of a number of recent research reports. Telsey Advisory Group cut their target price on Victoria’s Secret & Co. from $29.00 to $20.00 and set a market perform rating on the stock in a research note on Thursday, March 7th. Morgan Stanley cut shares of Victoria’s Secret & Co. from an equal weight rating to an underweight rating and cut their price target for the company from $19.00 to $15.00 in a report on Monday. Barclays cut Victoria’s Secret & Co. from an equal weight rating to an underweight rating and lowered their price objective for the company from $15.00 to $14.00 in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed an underweight rating and set a $15.00 price target (down from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Finally, Wells Fargo & Company decreased their target price on Victoria’s Secret & Co. from $32.00 to $25.00 and set an overweight rating for the company in a research report on Thursday, March 7th. Six research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $19.82.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO traded up $0.57 during mid-day trading on Thursday, reaching $18.61. The company’s stock had a trading volume of 1,782,790 shares, compared to its average volume of 2,689,971. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The stock has a fifty day moving average of $19.11 and a two-hundred day moving average of $22.65. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The firm has a market capitalization of $1.44 billion, a PE ratio of 13.26, a P/E/G ratio of 1.11 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, sell-side analysts anticipate that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

About Victoria’s Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.