Victoria's Secret & Co. (NYSE:VSCO) Price Target Lowered to $38.00 at Barclays

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) had its price target dropped by equities research analysts at Barclays from $53.00 to $38.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective points to a potential upside of 132.77% from the stock's previous close.

Several other research analysts have also recently commented on the company. TD Cowen boosted their price target on Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Morgan Stanley cut their target price on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday. Telsey Advisory Group reduced their price target on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. UBS Group decreased their price objective on 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 lowered their target price 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 issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $31.73.

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Victoria's Secret & Co. Price Performance

VSCO traded down $0.46 during trading on Friday, reaching $16.33. 4,777,942 shares of the stock were exchanged, compared to its average volume of 2,748,755. Victoria's Secret & Co. has a 1 year low of $15.12 and a 1 year 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 business's 50 day moving average price is $33.25 and its two-hundred day moving average price is $32.51. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 1.15 and a beta of 2.16.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. As a group, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtus Fund Advisers LLC bought a new stake in Victoria's Secret & Co. during the 3rd quarter worth approximately $27,000. CoreCap Advisors LLC increased its position in shares of Victoria's Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after acquiring an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Victoria's Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after acquiring an additional 1,682 shares during the period. Canada Pension Plan Investment Board boosted its stake in Victoria's Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after purchasing an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Victoria's Secret & Co. during the 4th quarter worth about $112,000. 90.29% of the stock is owned by institutional investors.

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.