Barclays Has Lowered Expectations for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price target decreased by equities research analysts at Barclays from $53.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 99.17% from the stock’s current price.

VSCO has been the topic of a number of other research reports. Morgan Stanley decreased their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. BMO Capital Markets decreased their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased 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. Finally, Jefferies Financial Group upped their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus price target of $33.18.

Victoria’s Secret & Co. Stock Down 6.4 %

VSCO opened at $19.08 on Friday. The firm’s 50-day simple moving average is $33.75 and its 200-day simple moving average is $32.50. 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. has a twelve month low of $15.12 and a twelve month high of $48.73. The firm has a market cap 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. (NYSE:VSCO) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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

Several large investors have recently made changes to their positions in VSCO. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter worth about $27,000. CoreCap Advisors LLC increased its stake in Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after purchasing an additional 1,955 shares during the period. Smartleaf Asset Management LLC increased its stake in Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares during the period. Canada Pension Plan Investment Board increased its stake in Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $112,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

About Victoria’s Secret & Co.

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.