Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $35.00 by Analysts at JPMorgan Chase & Co.

Victoria’s Secret & Co. (NYSE:VSCO) had its price target reduced by analysts at JPMorgan Chase & Co. from $43.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 58.16% from the stock’s current price.

VSCO has been the topic of several other research reports. Bank of America reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. UBS Group reduced their target price on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Barclays raised Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $51.00 to $53.00 in a research note on Tuesday, January 28th. TD Cowen upped their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Morgan Stanley decreased their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.82.

Victoria’s Secret & Co. Stock Down 5.3 %

Victoria’s Secret & Co. stock opened at $22.13 on Thursday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11. The stock’s fifty day moving average is $34.65 and its two-hundred day moving average is $32.56. 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) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after purchasing an additional 1,636,602 shares in the last quarter. Marshall Wace LLP grew its position in Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after acquiring an additional 1,620,256 shares in the last quarter. Forest Avenue Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. during the third quarter worth $40,861,000. Point72 Hong Kong Ltd purchased a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at $37,693,000. Finally, SRS Investment Management LLC purchased a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at $37,011,000. Institutional investors and hedge funds 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.