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

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price was down 9.9% 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 changed hands during 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. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday. Wells Fargo & Company cut their price target on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Bank of America dropped their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Morgan Stanley dropped their price objective on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $31.73.

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Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC bought a new position in shares of Victoria's Secret & Co. during the 3rd quarter valued at about $27,000. CoreCap Advisors LLC raised its holdings in Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after buying an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after buying an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Victoria's Secret & Co. in the fourth quarter worth about $112,000. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Down 2.7 %

The stock has a market capitalization of $1.28 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.15 and a beta of 2.16. The company's 50-day moving average price is $33.25 and its 200 day moving average price is $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 EPS for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for 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%. As a group, equities analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current 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.