Victoria’s Secret & Co. (NYSE:VSCO) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a report issued on Thursday morning, Marketbeat reports. The brokerage issued a sell rating and a $14.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets cut their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an outperform rating on the stock in a report on Thursday, March 7th. Telsey Advisory Group cut their price target on Victoria’s Secret & Co. from $29.00 to $20.00 and set a market perform rating on the stock in a report on Thursday, March 7th. Wells Fargo & Company dropped their target price on Victoria’s Secret & Co. from $32.00 to $25.00 and set an overweight rating on the stock in a report on Thursday, March 7th. Bank of America reissued an underperform rating and set a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. Finally, JPMorgan Chase & Co. reissued an underweight rating and set a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of Hold and a consensus price target of $21.27.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $17.43 on Thursday. The business’s 50 day moving average is $20.93 and its 200-day moving average is $22.65. The stock has a market cap of $1.35 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.11 and a beta of 2.07. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $31.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. On average, analysts predict that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. New Mexico Educational Retirement Board acquired a new stake in shares of Victoria’s Secret & Co. during the 1st quarter valued at $300,000. Quadrature Capital Ltd acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $372,000. PNC Financial Services Group Inc. lifted its position in shares of Victoria’s Secret & Co. by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after acquiring an additional 628 shares during the last quarter. Readystate Asset Management LP lifted its position in shares of Victoria’s Secret & Co. by 14.9% during the 4th quarter. Readystate Asset Management LP now owns 103,726 shares of the company’s stock valued at $2,753,000 after acquiring an additional 13,436 shares during the last quarter. Finally, Claret Asset Management Corp acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $226,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

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.