Victoria’s Secret & Co. (NYSE:VSCO) Given New $35.00 Price Target at JPMorgan Chase & Co.

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lowered by JPMorgan Chase & Co. from $43.00 to $35.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. TD Cowen raised their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets raised their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $51.00 to $53.00 in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their target price 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 note on Thursday, January 30th. Finally, Bank of America decreased their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $36.09.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $20.34 on Thursday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 10.54, a P/E/G ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a 50 day moving average of $34.22 and a 200-day moving average of $32.48. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

Hedge funds have recently added to or reduced their stakes in the business. Forest Avenue Capital Management LP acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $40,861,000. Wakefield Asset Management LLLP acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $991,000. FengHe Fund Management Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $2,435,000. Oliver Luxxe Assets LLC acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $1,963,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Victoria’s Secret & Co. by 31,597.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock valued at $3,690,000 after purchasing an additional 91,002 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.