Victoria’s Secret & Co. (NYSE:VSCO) Price Target Lowered to $19.00 at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective decreased by The Goldman Sachs Group from $35.00 to $19.00 in a research report released on Monday morning, Marketbeat reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other equities research analysts have also commented on VSCO. UBS Group decreased their price objective on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Morgan Stanley decreased their price objective on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday. Finally, Bank of America cut their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.73.

Victoria’s Secret & Co. Trading Down 11.9 %

Shares of NYSE VSCO opened at $16.79 on Monday. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 1.15 and a beta of 2.16. The business has a fifty day simple moving average of $33.25 and a 200-day simple moving average of $32.51.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Sell-side analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. in the third quarter valued at about $27,000. CoreCap Advisors LLC grew its stake in Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after acquiring an additional 1,955 shares during the period. Smartleaf Asset Management LLC grew its stake in Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after acquiring an additional 1,682 shares during the period. Canada Pension Plan Investment Board grew its stake in Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $112,000. 90.29% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.