Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $35.00 by Analysts at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lowered by equities researchers at The Goldman Sachs Group from $40.00 to $35.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective points to a potential downside of 3.37% from the stock’s current price.

A number of other research analysts have also weighed in on VSCO. BMO Capital Markets increased their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $51.00 to $53.00 in a research note on Tuesday. Morgan Stanley cut their price objective on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $45.00 target price (up from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $42.36.

Victoria’s Secret & Co. Stock Down 1.5 %

VSCO stock opened at $36.22 on Thursday. The stock has a market capitalization of $2.85 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.11 and a beta of 2.14. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The firm has a 50 day moving average of $40.65 and a 200 day moving average of $30.67.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted ($0.86) earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Victoria’s Secret & Co. will post 2.34 earnings per share for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Large investors have recently bought and sold shares of the business. FMR LLC increased its position in shares of Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares in the last quarter. Geode Capital Management LLC increased its holdings in Victoria’s Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after acquiring an additional 24,967 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Victoria’s Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock worth $41,338,000 after acquiring an additional 76,858 shares during the period. Forest Avenue Capital Management LP purchased a new position in Victoria’s Secret & Co. during the third quarter valued at $40,861,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Victoria’s Secret & Co. by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock valued at $16,206,000 after purchasing an additional 109,013 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.