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

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 issued to investors on Monday morning, Marketbeat Ratings reports. The Goldman Sachs Group currently has a sell rating on the stock.

VSCO has been the topic of several other research reports. Wells Fargo & Company lowered 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 research note on Thursday, March 6th. Bank of America cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Barclays lowered their price objective on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. TD Cowen lifted their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.73.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $17.22 on Monday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The business has a 50-day simple moving average of $32.27 and a two-hundred day simple moving average of $32.36. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) 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 company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. On average, analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the transaction, the insider now owns 8,695,019 shares of the company’s stock, valued at $150,597,729.08. The trade was a 6.65 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

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

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Victoria’s Secret & Co. by 33.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock valued at $6,435,000 after acquiring an additional 38,820 shares during the last quarter. Tremblant Capital Group lifted its holdings in shares of Victoria’s Secret & Co. by 137.1% in the 4th quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock worth $22,787,000 after acquiring an additional 318,080 shares during the last quarter. State of Wyoming lifted its holdings in shares of Victoria’s Secret & Co. by 173.2% in the 4th quarter. State of Wyoming now owns 6,245 shares of the company’s stock worth $259,000 after acquiring an additional 3,959 shares during the last quarter. Finally, Shellback Capital LP purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter worth about $3,728,000. 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.