Victoria’s Secret & Co. (NYSE:VSCO) Shares Down 9.9% After Analyst Downgrade

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report)’s stock price traded down 9.9% on Monday after Barclays lowered their price target on the stock from $53.00 to $38.00. Barclays currently has an overweight rating on the stock. Victoria’s Secret & Co. traded as low as $17.13 and last traded at $17.17. 1,566,651 shares were traded during trading, a decline of 39% from the average session volume of 2,555,637 shares. The stock had previously closed at $19.05.

Several other brokerages have also weighed in on VSCO. JPMorgan Chase & Co. cut their price objective on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group dropped their price objective on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Bank of America reduced their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company cut their price target on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Telsey Advisory Group decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.18.

Get Our Latest Report on VSCO

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Victoria’s Secret & Co. by 33.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock valued at $6,435,000 after purchasing an additional 38,820 shares during the period. Tremblant Capital Group boosted its position in shares of Victoria’s Secret & Co. by 137.1% during the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock worth $22,787,000 after buying an additional 318,080 shares during the period. State of Wyoming grew its holdings in shares of Victoria’s Secret & Co. by 173.2% during the fourth quarter. State of Wyoming now owns 6,245 shares of the company’s stock worth $259,000 after buying an additional 3,959 shares in the last quarter. Finally, Shellback Capital LP bought a new stake in Victoria’s Secret & Co. in the 4th quarter valued at approximately $3,728,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 9.3 %

The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 1.15 and a beta of 2.16. The business has a 50-day simple moving average of $33.75 and a two-hundred day simple moving average of $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:VSCOGet Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The company 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%. As a group, research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

About Victoria’s Secret & Co.

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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.

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