Victoria’s Secret & Co. (NYSE:VSCO) Given New $19.00 Price Target at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective reduced by The Goldman Sachs Group from $35.00 to $19.00 in a research note released on Monday morning, MarketBeat reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other analysts also recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Telsey Advisory Group reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. UBS Group reduced 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 report on Thursday, February 27th. Finally, Jefferies Financial Group boosted 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.73.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $16.79 on Monday. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The stock has a market cap of $1.32 billion, a PE ratio of 8.70, a P/E/G ratio of 1.15 and a beta of 2.16. The firm has a 50-day simple moving average of $33.25 and a two-hundred day simple moving average of $32.51. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The firm had revenue of $2.11 billion during 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%. As a group, analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several large investors have recently added to or reduced their stakes in VSCO. Farther Finance Advisors LLC increased its stake in Victoria’s Secret & Co. by 13.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after buying an additional 835 shares during the period. Versor Investments LP bought a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $907,000. Aigen Investment Management LP acquired a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $332,000. Oppenheimer Asset Management Inc. bought a new stake in Victoria’s Secret & Co. during the third quarter worth approximately $360,000. Finally, Intech Investment Management LLC acquired a new stake in Victoria’s Secret & Co. in the third quarter worth approximately $382,000. 90.29% of the stock is currently owned by 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.