Victoria’s Secret & Co. (NYSE:VSCO) PT Lowered to $63.00 at B. Riley

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) had its target price cut by investment analysts at B. Riley from $77.00 to $63.00 in a note issued to investors on Thursday, The Fly reports. B. Riley’s target price indicates a potential upside of 40.34% from the company’s previous close.

Other analysts have also issued research reports about the stock. Wells Fargo & Company decreased their target price on shares of Victoria’s Secret & Co. from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Victoria’s Secret & Co. from $71.00 to $57.00 in a report on Wednesday. BMO Capital Markets decreased their price target on shares of Victoria’s Secret & Co. from $80.00 to $72.00 in a report on Thursday, March 3rd. Zacks Investment Research raised shares of Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Finally, Evercore ISI reissued a “buy” rating and issued a $100.00 target price on shares of Victoria’s Secret & Co. in a research note on Friday, March 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $68.64.

Shares of NYSE VSCO opened at $44.89 on Thursday. Victoria’s Secret & Co. has a 1 year low of $38.48 and a 1 year high of $76.00. The firm’s 50 day moving average price is $47.90 and its 200 day moving average price is $51.71. The firm has a market cap of $3.72 billion and a P/E ratio of 7.30. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.44 and a current ratio of 1.00.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last announced its earnings results on Tuesday, May 31st. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.27. Victoria’s Secret & Co. had a net margin of 8.24% and a return on equity of 122.62%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities analysts predict that Victoria’s Secret & Co. will post 6.91 EPS for the current year.

In other news, Director Anne Sheehan sold 5,060 shares of the business’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $51.61, for a total transaction of $261,146.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Amy Hauk sold 2,657 shares of the business’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $50.64, for a total transaction of $134,550.48. The disclosure for this sale can be found here. Insiders sold a total of 83,020 shares of company stock valued at $3,891,262 in the last three months. Insiders own 0.95% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in Victoria’s Secret & Co. by 46.4% during the 4th quarter. Russell Investments Group Ltd. now owns 101,592 shares of the company’s stock worth $5,641,000 after acquiring an additional 32,206 shares during the last quarter. Utah Retirement Systems bought a new position in Victoria’s Secret & Co. during the third quarter worth $778,000. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $3,039,000. Voya Investment Management LLC acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $1,068,000. Finally, Two Sigma Investments LP acquired a new position in Victoria’s Secret & Co. in the third quarter valued at about $719,000. 99.23% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co. (Get Rating)

Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

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