Victoria’s Secret & Co. (NYSE:VSCO) Given New $19.00 Price Target at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price target lifted by The Goldman Sachs Group from $17.00 to $19.00 in a research report sent to investors on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other analysts have also recently weighed in on the company. Telsey Advisory Group increased their price target on Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a market perform rating in a research report on Thursday, August 29th. Bank of America raised their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an underperform rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an underweight rating in a research report on Friday, May 17th. Barclays lifted their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company an underweight rating in a research report on Thursday, August 15th. Finally, Wells Fargo & Company upped their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an overweight rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Victoria’s Secret & Co. has an average rating of Hold and a consensus target price of $23.40.

Victoria’s Secret & Co. Stock Performance

VSCO stock opened at $23.46 on Friday. The stock’s 50 day simple moving average is $19.61 and its 200 day simple moving average is $20.19. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80. The firm has a market cap of $1.84 billion, a P/E ratio of 18.05 and a beta of 2.12. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 47.61%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities research analysts predict that Victoria’s Secret & Co. will post 2.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in Victoria’s Secret & Co. in the fourth quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth $50,000. Quarry LP grew its holdings in shares of Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth $76,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Victoria’s Secret & Co. by 24.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after purchasing an additional 790 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

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.