Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $15.00 by Analysts at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price target cut by The Goldman Sachs Group from $19.00 to $15.00 in a report published on Tuesday morning,Benzinga reports. They currently have a sell rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Morgan Stanley decreased their price objective on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company lowered their price target on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Barclays cut their price objective on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. UBS Group lowered their target price on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, BMO Capital Markets cut their price target on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.73.

Victoria’s Secret & Co. Trading Up 5.6 %

Victoria’s Secret & Co. stock opened at $17.28 on Tuesday. The stock has a 50-day moving average price of $20.99 and a 200 day moving average price of $31.00. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The stock has a market cap of $1.36 billion, a PE ratio of 8.95, a P/E/G ratio of 1.15 and a beta of 2.26. The company has a current ratio of 1.17, a quick ratio of 0.33 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 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Equities research analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of Victoria’s Secret & Co. stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the completion of the transaction, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 1,503,973 shares of company stock valued at $26,617,312 over the last quarter. Company insiders own 1.10% of the company’s stock.

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

A number of large investors have recently added to or reduced their stakes in VSCO. Marshall Wace LLP lifted its holdings in Victoria’s Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after buying an additional 1,620,256 shares in the last quarter. FMR LLC increased its position in shares of Victoria’s Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after acquiring an additional 1,231,090 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth about $37,693,000. SRS Investment Management LLC purchased a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $37,011,000. Finally, Point72 Asset Management L.P. acquired a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $24,940,000. 90.29% of the stock is 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.