JPMorgan Chase & Co. Has Lowered Expectations for Victoria's Secret & Co. (NYSE:VSCO) Stock Price

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $43.00 to $35.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on VSCO. TD Cowen boosted their target price on Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Telsey Advisory Group reissued a "market perform" rating and set a $40.00 price target on shares of Victoria's Secret & Co. in a research report on Wednesday, February 26th. 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. The Goldman Sachs Group dropped their price target on Victoria's Secret & Co. from $40.00 to $35.00 and set a "sell" rating on the stock in a research report on Thursday, January 30th. Finally, Bank of America reduced their price objective on 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. Two 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $31.73.

Remove Ads

Victoria's Secret & Co. Price Performance

NYSE:VSCO traded down $2.26 during mid-day trading on Thursday, reaching $16.79. The stock had a trading volume of 7,869,196 shares, compared to its average volume of 2,710,586. Victoria's Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a 50 day moving average price of $33.75 and a two-hundred day moving average price of $32.56. The stock has a market capitalization of $1.32 billion, a P/E ratio of 8.70, a P/E/G ratio of 1.15 and a beta of 2.16.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly 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 business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Institutional Trading of Victoria's Secret & Co.

Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in Victoria's Secret & Co. in the 4th quarter worth $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Victoria's Secret & Co. by 33.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company's stock valued at $6,435,000 after purchasing an additional 38,820 shares in the last quarter. Tremblant Capital Group lifted its holdings in Victoria's Secret & Co. by 137.1% during the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock valued at $22,787,000 after purchasing an additional 318,080 shares in the last quarter. State of Wyoming boosted its position in shares of Victoria's Secret & Co. by 173.2% in the fourth quarter. State of Wyoming now owns 6,245 shares of the company's stock worth $259,000 after purchasing an additional 3,959 shares during the period. Finally, Shellback Capital LP purchased a new stake in shares of Victoria's Secret & Co. in the fourth quarter worth $3,728,000. 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.