Victoria’s Secret & Co. (NYSE:VSCO) Lowered to Underweight at Barclays

Barclays lowered shares of Victoria’s Secret & Co. (NYSE:VSCO) from an equal weight rating to an underweight rating in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have $14.00 price objective on the stock, down from their prior price objective of $15.00.

Several other research firms have also weighed in on VSCO. Bank of America reissued an underperform rating and issued a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. Telsey Advisory Group reduced their price objective on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a market perform rating on the stock in a research note on Thursday, March 7th. BMO Capital Markets decreased their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an outperform rating for the company in a report on Thursday, March 7th. The Goldman Sachs Group started coverage on shares of Victoria’s Secret & Co. in a report on Thursday, April 25th. They issued a sell rating and a $14.00 target price on the stock. Finally, 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 report on Thursday, March 7th. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of Hold and an average price target of $19.82.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $18.03 on Wednesday. The stock’s 50 day moving average is $19.11 and its two-hundred day moving average is $22.65. Victoria’s Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80. The company has a market capitalization of $1.40 billion, a PE ratio of 13.26, a P/E/G ratio of 1.11 and a beta of 2.05. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. Analysts predict that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at about $41,000. Harvest Fund Management Co. Ltd bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $58,000. Frazier Financial Advisors LLC acquired a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $76,000. Systematic Alpha Investments LLC bought a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $58,000. Finally, Arena Capital Advisors LLC CA acquired a new stake in Victoria’s Secret & Co. during the fourth quarter worth approximately $106,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.