The Goldman Sachs Group Has Lowered Expectations for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its target price reduced by equities researchers at The Goldman Sachs Group from $40.00 to $35.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price suggests a potential downside of 3.37% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Telsey Advisory Group cut their price target on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday. Morgan Stanley decreased their target price on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen boosted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $51.00 to $53.00 in a research report on Tuesday. Finally, BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus price target of $42.36.

Victoria’s Secret & Co. Stock Down 1.5 %

NYSE VSCO opened at $36.22 on Thursday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $2.85 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.11 and a beta of 2.14. The stock’s 50-day moving average price is $40.65 and its 200-day moving average price is $30.67.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.86) EPS. On average, equities research analysts predict that Victoria’s Secret & Co. will post 2.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VSCO. Virtus Fund Advisers LLC bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $50,000. Quarry LP raised its stake in shares of Victoria’s Secret & Co. by 126.6% during 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 in the last quarter. Finally, GAMMA Investing LLC lifted its position in Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.