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

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) shares gapped down prior to trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $35.00 to $19.00. The stock had previously closed at $22.21, but opened at $20.86. The Goldman Sachs Group currently has a sell rating on the stock. Victoria's Secret & Co. shares last traded at $20.45, with a volume of 2,398,233 shares.

Several other equities research analysts also recently issued reports on VSCO. Barclays reduced their price objective on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday. UBS Group reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday. TD Cowen increased their target price on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Finally, BMO Capital Markets lowered their price target on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. 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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Institutional Trading of Victoria's Secret & Co.

Several large investors have recently made changes to their positions in VSCO. Farther Finance Advisors LLC grew its holdings in Victoria's Secret & Co. by 13.6% during 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 bought a new stake in Victoria's Secret & Co. during the third quarter valued at about $907,000. Aigen Investment Management LP acquired a new stake in shares of Victoria's Secret & Co. in the third quarter valued at about $332,000. Oppenheimer Asset Management Inc. bought a new position in shares of Victoria's Secret & Co. in the third quarter worth about $360,000. Finally, Intech Investment Management LLC acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth about $382,000. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Performance

The stock has a market cap 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. The firm has a 50 day moving average of $33.25 and a two-hundred day moving average of $32.51. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. On average, research 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.