BMO Capital Markets Issues Pessimistic Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its target price dropped by investment analysts at BMO Capital Markets from $46.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 62.48% from the company’s current price.

Several other research analysts have also commented on the company. Telsey Advisory Group cut their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday. Wells Fargo & Company dropped their price objective on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $51.00 to $53.00 in a research report on Tuesday, January 28th. TD Cowen upped their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, 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 research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.18.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $19.08 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $1.50 billion, a PE ratio of 9.89, a PEG ratio of 1.15 and a beta of 2.16. The firm’s 50-day moving average price is $34.22 and its 200 day moving average price is $32.48. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results 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 the consensus estimate 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, sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VSCO. Farther Finance Advisors LLC boosted its holdings in Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after purchasing an additional 835 shares during the last quarter. Versor Investments LP purchased a new position in Victoria’s Secret & Co. in the third quarter valued at about $907,000. Aigen Investment Management LP purchased a new position in Victoria’s Secret & Co. in the third quarter valued at about $332,000. Oppenheimer Asset Management Inc. purchased a new position in Victoria’s Secret & Co. in the third quarter valued at about $360,000. Finally, Intech Investment Management LLC purchased a new position in Victoria’s Secret & Co. in the third quarter valued at about $382,000. Hedge funds and other institutional investors 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.