Victoria’s Secret & Co. (NYSE:VSCO) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a report released on Thursday, MarketBeat.com reports. The brokerage issued a sell rating and a $14.00 price target on the stock.

Several other equities analysts have also recently commented on the stock. Telsey Advisory Group reduced their price target on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a market perform rating on the stock in a research report on Thursday, March 7th. JPMorgan Chase & Co. reaffirmed an underweight rating and set a $15.00 price target (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Wells Fargo & Company reduced their price target on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an overweight rating on the stock in a research report on Thursday, March 7th. BMO Capital Markets reduced their price target on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an outperform rating on the stock in a research report on Thursday, March 7th. Finally, Bank of America reaffirmed an underperform rating and set a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $21.27.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $17.01 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The firm has a 50-day moving average of $21.17 and a two-hundred day moving average of $22.54. The stock has a market cap of $1.32 billion, a P/E ratio of 12.51, a PEG ratio of 1.12 and a beta of 2.07. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $31.66.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. On average, research analysts expect that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Several large investors have recently made changes to their positions in the company. UBS Group AG increased its stake in shares of Victoria’s Secret & Co. by 3.0% in the fourth quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock valued at $90,817,000 after purchasing an additional 98,882 shares during the period. AQR Capital Management LLC increased its stake in shares of Victoria’s Secret & Co. by 4.3% in the third quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock valued at $24,951,000 after purchasing an additional 61,693 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Victoria’s Secret & Co. by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock valued at $31,650,000 after purchasing an additional 188,384 shares during the period. Kettle Hill Capital Management LLC acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $18,645,000. Finally, Invesco Ltd. increased its stake in shares of Victoria’s Secret & Co. by 4.2% during the third quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock valued at $11,009,000 after acquiring an additional 26,412 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.