Victoria’s Secret & Co. (NYSE:VSCO) Price Target Lowered to $35.00 at Bank of America

Victoria’s Secret & Co. (NYSE:VSCO) had its target price cut by equities researchers at Bank of America from $40.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s price objective suggests a potential downside of 3.74% from the stock’s previous close.

Several other brokerages also recently weighed in on VSCO. Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $51.00 to $53.00 in a report on Tuesday. Telsey Advisory Group cut 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. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and upped their target price for the stock from $18.00 to $47.00 in a report on Tuesday, December 10th. Jefferies Financial Group increased their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, TD Cowen raised 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 report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.82.

Victoria’s Secret & Co. Stock Up 0.6 %

VSCO stock traded up $0.20 during midday trading on Thursday, reaching $36.36. 610,846 shares of the company’s stock traded hands, compared to its average volume of 1,934,926. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.28 and a beta of 2.14. 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 firm’s fifty day moving average price is $40.63 and its 200-day moving average price is $30.50. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.86) earnings per share. As a group, sell-side analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at $27,000. Blue Trust Inc. grew its holdings in 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. acquired a new position in Victoria’s Secret & Co. in the 2nd quarter valued at $50,000. Quarry LP grew its stake in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Victoria’s Secret & Co. by 109.5% in 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 in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.