Victoria’s Secret & Co. (NYSE:VSCO) Given Consensus Rating of “Reduce” by Analysts

Victoria’s Secret & Co. (NYSE:VSCO) has been given an average rating of “Reduce” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.27.

A number of equities analysts recently commented on the company. Telsey Advisory Group lowered their target price on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, March 7th. Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. BMO Capital Markets cut their target price on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 price target (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. in a research note on Thursday, April 25th. They issued a “sell” rating and a $14.00 price target for the company.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently bought and sold shares of the business. UBS Group AG increased its holdings in shares of Victoria’s Secret & Co. by 3.0% in the 4th quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock valued at $90,817,000 after acquiring an additional 98,882 shares during the last quarter. AQR Capital Management LLC increased its stake in Victoria’s Secret & Co. by 4.3% in the third quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock valued at $24,951,000 after purchasing an additional 61,693 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Victoria’s Secret & Co. by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock worth $31,650,000 after purchasing an additional 188,384 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth approximately $18,645,000. Finally, Invesco Ltd. boosted its holdings in shares of Victoria’s Secret & Co. by 4.2% in the 3rd quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock valued at $11,009,000 after buying an additional 26,412 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $17.76 on Thursday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. The firm has a market cap of $1.38 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.11 and a beta of 2.07. The firm’s 50 day moving average price is $20.70 and its 200-day moving average price is $22.67. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $31.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.09 billion. As a group, equities research analysts predict that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

About Victoria’s Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.