Analyst Insights on Victoria’s Secret as of March 8, 2024
In recent months, analysts have shared a range of opinions on Victoria’s Secret (NYSE:VSCO), offering bullish, bearish, and neutral views. Here is a breakdown of the latest analyst ratings and price targets:
Total Ratings:
Bullish: 0
Somewhat Bullish: 2
Indifferent: 8
Somewhat Bearish: 2
Bearish: 0
Last 30 Days:
Indifferent: 5
Somewhat Bearish: 1
1 Month Ago:
Somewhat Bullish: 2
Indifferent: 2
Somewhat Bearish: 1
12-Month Price Targets:
Average Target: $21.33
High Estimate: $29.00
Low Estimate: $15.00
Average Decrease from Previous Target: 21.0%
Recent Analyst Actions:
– Jonna Kim from TD Cowen lowered the rating to Market Perform with a price target of $20.00.
– Alexandra Steiger from Morgan Stanley downgraded to Equal-Weight with a price target of $19.00.
– Michael Binetti from Evercore ISI Group adjusted the rating to In-Line with a target of $18.00.
– Alice Xiao from B of A Securities revised the rating to Underperform with a target of $15.00.
– Adrienne Yih from Barclays changed the rating to Equal-Weight with a target of $15.00.
– Dana Telsey from Telsey Advisory Group lowered the rating to Market Perform with a target of $20.00.
– Simeon Siegel from BMO Capital adjusted the rating to Outperform with a target of $26.00.
– Ike Boruchow from Wells Fargo revised the rating to Overweight with a target of $25.00.
– Matthew Boss from JP Morgan downgraded to Underweight with a target of $15.00.
These recent analyst actions reflect the changing perspectives on Victoria’s Secret within the financial community.
VSCO Stock Shows Positive Price Momentum Despite Trading Near Bottom: March 8, 2024 Update
On March 8, 2024, VSCO stock experienced a slight increase in price momentum, trading near the bottom of its 52-week range and below its 200-day simple moving average. Despite these indicators, the stock saw a positive price change, with shares increasing by $0.28 since the previous market close, representing a 1.55% rise.
Opening at $17.80, VSCO stock started the day $0.21 lower than its previous close. This initial dip was quickly overcome by the upward movement in the stock price throughout the trading day. While trading near the bottom of its 52-week range may suggest some downward pressure on the stock, the positive price change on March 8 indicates that investors may have found value in VSCO shares at their current levels.
VSCO Stock Performance Analysis: Revenue Flat, Net Income Decreases, EPS Shows Potential Growth
On March 8, 2024, VSCO stock experienced mixed performances based on the financial data provided by CNN Money. The total revenue for the company stood at $6.18 billion for the past year, which remained flat compared to the previous year. Similarly, the total revenue for the fourth quarter was $2.08 billion, also holding flat since the previous quarter.
However, the net income for VSCO was $109.20 million for the past year, marking a significant decrease of 68.62% compared to the previous year. On the other hand, the net income for the fourth quarter was $181.09 million, holding flat since the previous quarter.
Earnings per share (EPS) for VSCO were $1.39 for the past year, reflecting a decrease of 66.45% compared to the previous year. In contrast, the EPS for the fourth quarter was $2.29, showing a substantial increase of 348.88% since the previous quarter.
Overall, VSCO stock performances on March 8, 2024, were mixed, with total revenue and net income holding flat or decreasing compared to the previous year. However, there was a significant increase in EPS since the previous quarter, indicating potential growth in profitability for the company. Investors should carefully analyze these financial indicators and market trends before making any investment decisions related to VSCO stock.
