Victoria’s Secret & Co. (NYSE:VSCO) Downgraded by Barclays to Underweight

Victoria’s Secret & Co. (NYSE:VSCO) was downgraded by stock analysts at Barclays from an “equal weight” rating to an “underweight” rating in a note issued to investors on Wednesday, Marketbeat reports. They currently have a $14.00 target price on the stock. Barclays‘s price objective would indicate a potential downside of 21.88% from the company’s current price.

A number of other research firms have also issued reports on VSCO. Wells Fargo & Company lowered their target price on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. BMO Capital Markets decreased their price objective on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. The Goldman Sachs Group started coverage on Victoria’s Secret & Co. in a report on Thursday, April 25th. They set a “sell” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $15.00 price objective (down previously from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Finally, Telsey Advisory Group decreased their price objective on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.82.

Victoria’s Secret & Co. Stock Down 0.4 %

VSCO opened at $17.92 on Wednesday. The business has a 50-day moving average of $19.57 and a 200-day moving average of $22.70. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80. The company has a market capitalization of $1.39 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.11 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating 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 business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. Equities research analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of hedge funds have recently added to or reduced their stakes in VSCO. 12 West Capital Management LP bought a new position in shares of Victoria’s Secret & Co. in the 1st quarter valued at $5,330,000. Illinois Municipal Retirement Fund boosted its holdings in shares of Victoria’s Secret & Co. by 4.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 49,295 shares of the company’s stock valued at $955,000 after acquiring an additional 2,238 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Victoria’s Secret & Co. by 47.2% during the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the company’s stock valued at $273,000 after acquiring an additional 4,514 shares in the last quarter. Duality Advisers LP boosted its holdings in shares of Victoria’s Secret & Co. by 53.9% during the 1st quarter. Duality Advisers LP now owns 107,763 shares of the company’s stock valued at $2,088,000 after acquiring an additional 37,733 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Victoria’s Secret & Co. by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock valued at $1,313,000 after acquiring an additional 1,205 shares in 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 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.