JPMorgan Chase & Co. Cuts Victoria's Secret & Co. (NYSE:VSCO) Price Target to $17.00

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its price target reduced by JPMorgan Chase & Co. from $35.00 to $17.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on VSCO. UBS Group lowered 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 report on Thursday, February 27th. Morgan Stanley dropped their price target on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Bank of America reduced their price target on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research report on Thursday, January 30th. Finally, Barclays dropped their target price on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $30.09.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock traded up $0.39 during trading on Monday, reaching $16.01. The company's stock had a trading volume of 2,550,245 shares, compared to its average volume of 2,919,760. The firm has a market cap of $1.26 billion, a PE ratio of 8.30, a P/E/G ratio of 1.15 and a beta of 2.26. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a 50-day moving average price of $21.61 and a two-hundred day moving average price of $31.06. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.10 billion. On average, analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the purchase, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by insiders.

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

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Victoria's Secret & Co. in the 1st quarter valued at approximately $731,000. NBC Securities Inc. boosted its holdings in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after acquiring an additional 2,820 shares during the last quarter. GAMMA Investing LLC raised its stake in Victoria's Secret & Co. by 1,209.6% during the first quarter. GAMMA Investing LLC now owns 45,651 shares of the company's stock worth $848,000 after buying an additional 42,165 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Victoria's Secret & Co. in the 4th quarter valued at about $112,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Victoria's Secret & Co. by 33.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company's stock worth $6,435,000 after buying an additional 38,820 shares during the period. 90.29% of the stock is currently 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.