Victoria's Secret & Co. (NYSE:VSCO) Shares Down 9.9% Following Analyst Downgrade

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s share price was down 9.9% during trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $35.00 to $19.00. The Goldman Sachs Group currently has a sell rating on the stock. Victoria's Secret & Co. traded as low as $17.13 and last traded at $17.17. Approximately 1,566,651 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 2,555,637 shares. The stock had previously closed at $19.05.

VSCO has been the subject of a number of other research reports. TD Cowen boosted their price objective 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. Morgan Stanley reduced their price target on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday. Barclays lowered their price objective on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday. Jefferies Financial Group upped their target price on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, 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. Two equities research 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $31.73.

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

A number of institutional investors have recently added to or reduced their stakes in VSCO. Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 835 shares in the last quarter. Versor Investments LP acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth $907,000. Aigen Investment Management LP acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth $332,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Victoria's Secret & Co. in the 3rd quarter valued at about $360,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Victoria's Secret & Co. in the third quarter valued at about $382,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Down 2.7 %

The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The company 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 firm's 50-day simple moving average is $33.25 and its two-hundred day simple moving average is $32.51.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion during 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%. Sell-side analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

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.