Barclays Has Lowered Expectations for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price target reduced by analysts at Barclays from $38.00 to $23.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 4.77% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Telsey Advisory Group lowered their price objective on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. Morgan Stanley decreased their price target on shares of Victoria’s Secret & Co. from $23.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 6th. UBS Group decreased 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 research note on Thursday, February 27th. Finally, Wells Fargo & Company lowered Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $25.00 to $12.00 in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.82.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO traded up $2.69 during trading hours on Monday, reaching $21.95. 4,909,818 shares of the stock traded hands, compared to its average volume of 2,967,811. The company’s 50-day simple moving average is $18.52 and its two-hundred day simple moving average is $30.31. The company has a market capitalization of $1.73 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. 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 earnings results 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. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the completion of the purchase, the insider now directly owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. The trade was a 6.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is owned by insiders.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSCO. Vanguard Group Inc. raised its position in shares of Victoria’s Secret & Co. by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company’s stock valued at $166,599,000 after buying an additional 38,695 shares in the last quarter. FMR LLC lifted its holdings in shares of Victoria’s Secret & Co. by 44.7% in the 4th 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. Arrowstreet Capital Limited Partnership boosted its position in shares of Victoria’s Secret & Co. by 7.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock valued at $85,168,000 after buying an additional 137,074 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Victoria’s Secret & Co. by 8.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock valued at $84,309,000 after acquiring an additional 156,979 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the period. 90.29% of the stock is owned by institutional investors.

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.