Morgan Stanley Issues Pessimistic Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price target decreased by Morgan Stanley from $44.00 to $40.00 in a research report released on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research firms have also commented on VSCO. Jefferies Financial Group upped their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $29.00 to $45.00 in a research note on Monday, December 9th. BMO Capital Markets lifted their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. TD Cowen increased their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.55.

Victoria’s Secret & Co. Stock Up 4.4 %

VSCO stock opened at $38.73 on Tuesday. The firm has a market cap of $3.05 billion, a PE ratio of 20.07, a P/E/G ratio of 2.19 and a beta of 2.14. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $40.46 and a 200 day simple moving average of $29.78.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted ($0.86) EPS. Equities research analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

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

Large investors have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $40,861,000. AQR Capital Management LLC grew its position in shares of Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Victoria’s Secret & Co. by 1,218.1% in the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares during the period. Finally, Lombard Odier Asset Management USA Corp lifted its position in shares of Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after purchasing an additional 511,573 shares during the last quarter. 90.29% of the stock is currently owned by 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.