Victoria’s Secret & Co. (NYSE:VSCO) PT Raised to $19.00 at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price target upped by investment analysts at The Goldman Sachs Group from $17.00 to $19.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 19.01% from the stock’s current price.

Several other research firms also recently weighed in on VSCO. Morgan Stanley boosted their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets increased their price target on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America boosted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.64.

Victoria’s Secret & Co. Trading Down 2.1 %

NYSE:VSCO opened at $23.46 on Friday. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.30 and a beta of 2.08. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The company’s 50 day moving average price is $19.49 and its 200-day moving average price is $20.30. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, equities research analysts forecast that Victoria’s Secret & Co. will post 1.97 earnings per share for the current fiscal year.

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

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after purchasing an additional 628 shares during the period. Norges Bank bought a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at approximately $8,986,000. Natixis raised its holdings in Victoria’s Secret & Co. by 1,100,000.0% during the 1st quarter. Natixis now owns 275,025 shares of the company’s stock valued at $5,330,000 after buying an additional 275,000 shares during the period. River Global Investors LLP raised its holdings in Victoria’s Secret & Co. by 18.1% during the 4th quarter. River Global Investors LLP now owns 43,697 shares of the company’s stock valued at $1,160,000 after buying an additional 6,694 shares during the period. Finally, ARGA Investment Management LP lifted its position in Victoria’s Secret & Co. by 221.7% in the fourth quarter. ARGA Investment Management LP now owns 72,147 shares of the company’s stock worth $1,915,000 after buying an additional 49,718 shares during 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.