Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $21.00 by Analysts at UBS Group

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) had its price target decreased by UBS Group from $27.00 to $21.00 in a research report released on Tuesday, The Fly reports.

A number of other brokerages also recently issued reports on VSCO. Barclays downgraded shares of Victoria’s Secret & Co. from an overweight rating to an equal weight rating and set a $35.00 price objective on the stock. in a research report on Tuesday, May 2nd. Morgan Stanley boosted their target price on Victoria’s Secret & Co. from $43.00 to $44.00 and gave the stock an equal weight rating in a research report on Thursday, February 2nd. JPMorgan Chase & Co. reduced their price target on shares of Victoria’s Secret & Co. from $36.00 to $32.00 in a research report on Monday, May 8th. Jefferies Financial Group reduced their target price on shares of Victoria’s Secret & Co. from $50.00 to $39.00 in a report on Tuesday, May 9th. Finally, 500.com restated a maintains rating on shares of Victoria’s Secret & Co. in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $45.17.

Victoria’s Secret & Co. Trading Down 5.8 %

Shares of Victoria’s Secret & Co. stock opened at $23.57 on Tuesday. Victoria’s Secret & Co. has a 1 year low of $23.55 and a 1 year high of $48.16. The firm has a market cap of $1.83 billion, a PE ratio of 5.68, a PEG ratio of 0.55 and a beta of 2.04. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.10 and a quick ratio of 0.43. The company has a 50 day simple moving average of $30.30 and a two-hundred day simple moving average of $36.67.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last announced its earnings results on Friday, March 3rd. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.14. Victoria’s Secret & Co. had a net margin of 5.49% and a return on equity of 141.99%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $2.70 earnings per share. Victoria’s Secret & Co.’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts expect that Victoria’s Secret & Co. will post 4.89 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock worth $44,000 after purchasing an additional 329 shares in the last quarter. III Capital Management raised its stake in shares of Victoria’s Secret & Co. by 25.0% during the 4th quarter. III Capital Management now owns 1,858 shares of the company’s stock worth $66,000 after buying an additional 372 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Victoria’s Secret & Co. by 6.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,744 shares of the company’s stock valued at $230,000 after purchasing an additional 393 shares during the last quarter. Quent Capital LLC raised its stake in Victoria’s Secret & Co. by 94.5% in the 4th quarter. Quent Capital LLC now owns 813 shares of the company’s stock valued at $29,000 after purchasing an additional 395 shares during the last quarter. Finally, Everett Harris & Co. CA raised its stake in Victoria’s Secret & Co. by 2.4% in the 4th quarter. Everett Harris & Co. CA now owns 17,263 shares of the company’s stock valued at $618,000 after purchasing an additional 406 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

About Victoria’s Secret & Co.

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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.