Victoria’s Secret & Co. (NYSE:VSCO) Earns Sell Rating from Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research report issued on Thursday, Briefing.com reports. The brokerage set a “sell” rating and a $14.00 price target on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 20.32% from the company’s previous close.

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

Victoria’s Secret & Co. Price Performance

NYSE VSCO opened at $17.57 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. The stock’s 50 day moving average is $21.43 and its two-hundred day moving average is $22.58. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 12.92, 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 $32.61.

Victoria’s Secret & Co. (NYSE:VSCO) last released 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 for the quarter, compared to the consensus estimate of $2.09 billion. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. Equities analysts forecast that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CWM LLC raised its position in Victoria’s Secret & Co. by 126.8% in the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after purchasing an additional 914 shares during the last quarter. GAMMA Investing LLC bought a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $41,000. Systematic Alpha Investments LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter worth approximately $58,000. Harvest Fund Management Co. Ltd bought a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $58,000. Finally, NBC Securities Inc. bought a new position in Victoria’s Secret & Co. in the 3rd quarter worth approximately $74,000. Institutional investors 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.