JPMorgan Chase & Co. Lowers Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $35.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target lowered by research analysts at JPMorgan Chase & Co. from $43.00 to $35.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 83.45% from the company’s current price.

A number of other research firms have also recently issued reports on VSCO. Jefferies Financial Group increased their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, January 30th. UBS Group decreased their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. 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 for the company in a research note on Tuesday, January 21st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $40.00 price objective on shares of Victoria’s Secret & Co. in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $33.18.

Victoria’s Secret & Co. Stock Performance

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

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

A number of hedge funds have recently made changes to their positions in VSCO. Farther Finance Advisors LLC raised its position in Victoria’s Secret & Co. by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after purchasing an additional 835 shares during the period. Versor Investments LP purchased a new position in Victoria’s Secret & Co. in the 3rd quarter worth $907,000. Aigen Investment Management LP purchased a new position in Victoria’s Secret & Co. in the 3rd quarter worth $332,000. Oppenheimer Asset Management Inc. purchased a new position in Victoria’s Secret & Co. in the 3rd quarter worth $360,000. Finally, Intech Investment Management LLC purchased a new position in Victoria’s Secret & Co. in the 3rd quarter worth $382,000. 90.29% of the stock is owned by institutional investors.

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.