Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $35.00 by Analysts at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective cut by The Goldman Sachs Group from $40.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a sell rating on the stock.

VSCO has been the topic of a number of other research reports. Telsey Advisory Group reduced their price target 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. Jefferies Financial Group boosted their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $51.00 to $53.00 in a report on Tuesday. TD Cowen raised their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.36.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $36.84 on Thursday. The business has a 50 day moving average of $40.67 and a 200-day moving average of $30.54. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.11 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.

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

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

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Victoria’s Secret & Co. by 31,597.9% in the fourth 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. TriaGen Wealth Management LLC bought a new position in Victoria’s Secret & Co. during the fourth quarter worth about $713,000. Oliver Luxxe Assets LLC purchased a new position in Victoria’s Secret & Co. in the 4th quarter valued at approximately $1,963,000. Nisa Investment Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 23.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock valued at $716,000 after purchasing an additional 3,277 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Victoria’s Secret & Co. in the fourth quarter worth about $206,000. Institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.