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

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its price objective trimmed by Morgan Stanley from $38.00 to $23.00 in a report published on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their price target on Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company decreased their target price 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, March 6th. The Goldman Sachs Group cut their price target on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set a "sell" rating for the company in a report on Thursday, January 30th. 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 on the stock in a research report on Thursday, March 6th. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Victoria's Secret & Co. currently has an average rating of "Hold" and an average target price of $31.73.

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Victoria's Secret & Co. Stock Performance

NYSE VSCO traded down $0.45 during trading on Friday, reaching $16.34. The company's stock had a trading volume of 9,504,743 shares, compared to its average volume of 2,858,702. The firm has a 50 day moving average price of $32.75 and a 200 day moving average price of $32.46. Victoria's Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued 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. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

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