UBS Group Lowers Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $34.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective decreased by UBS Group from $47.00 to $34.00 in a research report report published on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also commented on VSCO. Bank of America reduced their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. Telsey Advisory Group reissued a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Wednesday. The Goldman Sachs Group cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reduced their target price on shares of Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.18.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $26.85 on Thursday. The firm has a 50 day simple moving average of $36.13 and a two-hundred day simple moving average of $32.42. The stock has a market cap of $2.11 billion, a PE ratio of 13.91, a P/E/G ratio of 1.15 and a beta of 2.11. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted ($0.86) EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in VSCO. GAMMA Investing LLC raised its stake in shares of Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after acquiring an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Victoria’s Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after purchasing an additional 412 shares during the last quarter. Picton Mahoney Asset Management raised its position in Victoria’s Secret & Co. by 6.5% during the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock valued at $322,000 after purchasing an additional 477 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Victoria’s Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock worth $340,000 after buying an additional 522 shares during the period. Finally, Mariner LLC grew its position in shares of Victoria’s Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company’s stock worth $800,000 after buying an additional 569 shares during the last quarter. 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.