UBS Group Lowers Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $34.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price reduced by analysts at UBS Group from $47.00 to $34.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 25.44% from the stock’s current price.

A number of other research analysts have also commented on the stock. Wells Fargo & Company reduced their price target on shares of Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. BMO Capital Markets raised their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group boosted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their target price for the company from $29.00 to $45.00 in a research note on Monday, December 9th. Finally, TD Cowen lifted their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average price target of $41.18.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE:VSCO traded down $1.25 during mid-day trading on Thursday, reaching $27.11. The company had a trading volume of 1,100,863 shares, compared to its average volume of 1,938,300. The company’s 50-day moving average price is $36.44 and its 200-day moving average price is $32.46. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. 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 firm has a market cap of $2.13 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.15 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly 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. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned ($0.86) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSCO. Virtus Fund Advisers LLC purchased a new stake in Victoria’s Secret & Co. in the third quarter worth about $27,000. Blue Trust Inc. raised its holdings in shares of Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after acquiring an additional 1,505 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares during the last quarter. 90.29% of the stock is owned by 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.