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

Victoria’s Secret & Co. (NYSE:VSCO) had its target price reduced by investment analysts at The Goldman Sachs Group from $40.00 to $35.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price indicates a potential downside of 3.11% from the company’s current price.

Several other research firms also recently weighed in on VSCO. Telsey Advisory Group lowered their target price on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $51.00 to $53.00 in a research report on Tuesday. BMO Capital Markets lifted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Morgan Stanley decreased their price target on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price target for the company from $18.00 to $47.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.55.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock traded down $0.04 on Thursday, reaching $36.13. The stock had a trading volume of 415,272 shares, compared to its average volume of 1,921,270. The stock has a market cap of $2.84 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.28 and a beta of 2.14. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a 50 day simple moving average of $40.63 and a 200 day simple moving average of $30.50.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.86) earnings per share. Equities research analysts expect that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth approximately $40,861,000. Oliver Luxxe Assets LLC purchased a new stake in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $1,963,000. MetLife Investment Management LLC raised its holdings in shares of Victoria’s Secret & Co. by 129.1% in the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after buying an additional 25,723 shares during the period. XTX Topco Ltd bought a new position in Victoria’s Secret & Co. in the third quarter worth approximately $412,000. Finally, Geode Capital Management LLC grew its stake in Victoria’s Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.