The Goldman Sachs Group Begins Coverage on Victoria’s Secret & Co. (NYSE:VSCO)

The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research note published on Thursday, MarketBeat Ratings reports. The brokerage issued a sell rating and a $14.00 price target on the stock.

Several other equities analysts have also commented on the company. BMO Capital Markets decreased their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an outperform rating on the stock in a research note on Thursday, March 7th. Telsey Advisory Group decreased their price target on Victoria’s Secret & Co. from $29.00 to $20.00 and set a market perform rating on the stock in a research note on Thursday, March 7th. Wells Fargo & Company decreased their price target on Victoria’s Secret & Co. from $32.00 to $25.00 and set an overweight rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a $15.00 price target (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Finally, Bank of America reaffirmed an underperform rating and issued a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $21.27.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $17.43 on Thursday. The stock’s fifty day moving average is $20.93 and its two-hundred day moving average is $22.60. The firm has a market capitalization of $1.35 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.08 and a beta of 2.07. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $31.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. On average, research analysts anticipate that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of VSCO. CWM LLC raised its position in Victoria’s Secret & Co. by 126.8% in the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 914 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at about $1,371,000. Handelsbanken Fonder AB acquired a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at about $369,000. Peregrine Capital Management LLC increased its holdings in shares of Victoria’s Secret & Co. by 42.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 428,493 shares of the company’s stock valued at $7,147,000 after acquiring an additional 128,305 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $74,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.