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

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective reduced by stock analysts at The Goldman Sachs Group from $35.00 to $19.00 in a report issued on Monday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 11.85% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. UBS Group lowered their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. BMO Capital Markets reduced their target price on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday. Bank of America lowered their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. Finally, Morgan Stanley lowered their target price on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.73.

Victoria’s Secret & Co. Stock Down 10.8 %

Victoria’s Secret & Co. stock traded down $2.06 during mid-day trading on Monday, hitting $16.99. 4,454,944 shares of the company’s stock were exchanged, compared to its average volume of 2,629,958. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The stock has a 50 day moving average of $33.75 and a two-hundred day moving average of $32.56. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a market cap of $1.34 billion, a P/E ratio of 8.80, a P/E/G ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after purchasing an additional 835 shares during the last quarter. Versor Investments LP bought a new stake in Victoria’s Secret & Co. during the 3rd quarter worth approximately $907,000. Aigen Investment Management LP purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth approximately $332,000. Oppenheimer Asset Management Inc. bought a new position in Victoria’s Secret & Co. in the 3rd quarter valued at $360,000. Finally, Intech Investment Management LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter valued at $382,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.