Victoria's Secret & Co. (NYSE:VSCO) Given New $31.00 Price Target at BMO Capital Markets

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its target price lowered by BMO Capital Markets from $46.00 to $31.00 in a research note published on Thursday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group lifted their target price on Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. UBS Group decreased 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 research note 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 on the stock in a report on Thursday. Telsey Advisory Group reduced their target price 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. Finally, TD Cowen upped their price target on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $31.73.

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Victoria's Secret & Co. Stock Performance

NYSE:VSCO traded down $2.26 during trading hours on Thursday, hitting $16.79. 7,869,196 shares of the company were exchanged, compared to its average volume of 2,710,586. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria's Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.15 and a beta of 2.16. The company's 50 day moving average price is $33.25 and its 200-day moving average price is $32.51.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its earnings results 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. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. As a group, research analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

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

Several hedge funds have recently modified their holdings of VSCO. Farther Finance Advisors LLC raised its holdings in Victoria's Secret & Co. by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company's stock worth $179,000 after purchasing an additional 835 shares during the period. Versor Investments LP purchased a new stake in shares of Victoria's Secret & Co. in the third quarter valued at approximately $907,000. Aigen Investment Management LP purchased a new stake in shares of Victoria's Secret & Co. in the third quarter valued at approximately $332,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth approximately $360,000. Finally, Intech Investment Management LLC purchased a new position in shares of Victoria's Secret & Co. during the 3rd quarter valued at approximately $382,000. 90.29% of the stock is owned by hedge funds and other 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.