BMO Capital Markets Cuts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $31.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target decreased by investment analysts at BMO Capital Markets from $46.00 to $31.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 48.37% from the company’s current price.

A number of other research firms also recently issued reports on VSCO. UBS Group cut their price objective 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. Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $51.00 to $53.00 in a report on Tuesday, January 28th. TD Cowen upped their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lowered their target price on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Two equities 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.09.

Victoria’s Secret & Co. Stock Performance

VSCO stock traded down $1.32 during trading hours on Thursday, reaching $20.89. The stock had a trading volume of 3,604,337 shares, compared to its average volume of 2,247,310. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The stock has a market capitalization of $1.64 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11. The stock has a 50-day simple moving average of $34.65 and a 200 day simple moving average of $32.56.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently made changes to their positions in VSCO. GAMMA Investing LLC grew its stake in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after purchasing an additional 326 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Victoria’s Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after purchasing an additional 412 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in shares of Victoria’s Secret & Co. by 6.5% in the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock worth $322,000 after buying an additional 477 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Victoria’s Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock valued at $340,000 after purchasing an additional 522 shares during the period. Finally, Mariner LLC grew its position in Victoria’s Secret & Co. by 3.0% during the fourth quarter. Mariner LLC now owns 19,307 shares of the company’s stock worth $800,000 after buying an additional 569 shares in the last quarter. Hedge funds and other 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.