VSCO trade ideas
$VSCO Breakdown For the yearSales are always solid, price target still around $70 bucks... LBrands was the original name and was with bath and body works but online sales were extremely attractive during the past couple of years and this store has a no return policy which tends to do well for its company. Would remain bullish as long as the economy holds but again underwear is an essential and i don't see many women running to Walmart or Home Depot to buy their underwear. Would deff see how the market plays out as this stock tends to move with the market.
Victoria Secrets sales are boomingtarget $70 after earnings next week. stocks being bought up by most hedgies and at that a solid price.... After its departure from Lbrands which has been very successful in the past with bed bath and beyond i feel victoria secrets is going to and have already put all this into one and kind of making a Nike move. I believe in the years to come well see more stores like bed bath and beyond but created by victoria secrets and bed and bath will go out of business. We can see some major upside in this stock long term.
Victoria secret is gem for long run.The apparel and lifestyle company has a new lease on life, and investors seem bullish. J.P. Morgan is constructive on the new standalone retail stock with an Overweight rating and a December 2022 price target of $100. Importantly, our model conservatively embeds +2.9% same-store-sales in FY22/23 (< +3.3% TTM & mgmt’s mid-single-digit target) & below the estimated +6-8% 2021-25 CAGR for the ~$460B global intimates and loungewear industry."
J.P. Morgan assigns a price target of $100 to VSCO to rep more than 70% upside for shares.