Victoria’s Secret & Co. (NYSE:VSCO) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research report sent to investors on Thursday, Marketbeat Ratings reports. The brokerage issued a sell rating and a $14.00 target price on the stock.

Several other research firms have also recently issued reports on VSCO. JPMorgan Chase & Co. reaffirmed an underweight rating and set a $15.00 price objective (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Telsey Advisory Group lowered their price objective on Victoria’s Secret & Co. from $29.00 to $20.00 and set a market perform rating for the company in a research report on Thursday, March 7th. BMO Capital Markets lowered their price objective on Victoria’s Secret & Co. from $29.00 to $26.00 and set an outperform rating for the company in a research report on Thursday, March 7th. Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $32.00 to $25.00 and set an overweight rating for the company in a research report on Thursday, March 7th. Finally, Bank of America reaffirmed an underperform rating and set a $15.00 price objective (down from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Four 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. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $21.27.

Victoria’s Secret & Co. Trading Up 2.6 %

VSCO opened at $17.43 on Thursday. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $31.39. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.11 and a beta of 2.07. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The business has a fifty day moving average price of $20.93 and a 200 day moving average price of $22.65.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Sell-side analysts expect that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSCO. CWM LLC raised its stake in Victoria’s Secret & Co. by 126.8% during the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after acquiring an additional 914 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $41,000. Systematic Alpha Investments LLC purchased a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $58,000. Harvest Fund Management Co. Ltd purchased a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $58,000. Finally, NBC Securities Inc. purchased a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at approximately $74,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile

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.