The Goldman Sachs Group Lowers Victoria's Secret & Co. (NYSE:VSCO) Price Target to $15.00

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) had its price target lowered by stock analysts at The Goldman Sachs Group from $19.00 to $15.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's target price indicates a potential downside of 14.80% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company cut 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 research report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Morgan Stanley reduced their target price on 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. Telsey Advisory Group decreased their price objective on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Finally, BMO Capital Markets dropped 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 report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Victoria's Secret & Co. presently has an average rating of "Hold" and an average target price of $29.73.

Victoria's Secret & Co. Stock Performance

NYSE VSCO traded up $1.24 on Tuesday, hitting $17.61. 746,597 shares of the company traded hands, compared to its average volume of 2,919,582. 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 business's 50 day moving average price is $21.29 and its 200-day moving average price is $31.09. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73.

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, topping 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 company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Equities analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share 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 firm's stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the transaction, the insider now directly owns 8,695,019 shares in the company, valued at $150,597,729.08. The trade was a 6.65 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 1,503,973 shares of company stock worth $26,617,312 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

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

A number of institutional investors have recently added to or reduced their stakes in VSCO. Marshall Wace LLP raised its position in Victoria's Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after purchasing an additional 1,620,256 shares during the period. FMR LLC raised its holdings in shares of Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after buying an additional 1,231,090 shares during the period. Point72 Hong Kong Ltd acquired a new position in Victoria's Secret & Co. during the 4th quarter worth about $37,693,000. SRS Investment Management LLC purchased a new position in Victoria's Secret & Co. during the 4th quarter valued at about $37,011,000. Finally, Point72 Asset Management L.P. acquired a new position in Victoria's Secret & Co. in the 4th quarter valued at about $24,940,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

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.

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