Barclays analyst Adrienne Yih maintains $Victoria's Secret (VSCO.US)$ with a hold rating, and adjusts the target price from $25 to $51.
According to TipRanks data, the analyst has a success rate of 52.4% and a total average return of 7.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Victoria's Secret (VSCO.US)$'s main analysts recently are as follows:
The company's "impressive beat and raise" quarter, driven by outsized sales, bolsters confidence in its ability to achieve a turnaround. However, the company's momentum may be less pronounced in a potentially challenging Q4 environment.
The company reported results that surpassed expectations on adjusted earnings, influenced by spending leverage, though this was somewhat counterbalanced by a lower gross margin. Sales performance exceeded consensus forecasts, showing robust results in both North America and international markets. Nonetheless, it's noted that the company's margins are still under pressure due to increased promotions and transportation costs.
Recent reports indicate Victoria's Secret experienced a notable third-quarter performance, surpassing expectations. Despite macro-related challenges that may temporarily cloud the visibility of the brand's recovery initiatives, the underlying long-term potential of the brand appears stable. The expectation is that the company has the capability to recoup lost sales and regain margins over time.
Note:
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