Victoria’s Secret & Co. (NYSE:VSCO) Now Covered by Analysts at The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group started coverage on shares of Victoria’s Secret & Co. (NYSE:VSCO) in a research note issued on Thursday, Marketbeat Ratings reports. The firm set a “sell” rating and a $14.00 price target on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 19.68% from the stock’s previous close.

VSCO has been the topic of a number of other reports. Telsey Advisory Group lowered their target price on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Wells Fargo & Company lowered their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Bank of America reaffirmed an “underperform” rating and issued a $15.00 target price (down from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. BMO Capital Markets decreased their target price on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $15.00 price target (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average target price of $21.27.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $17.43 on Thursday. The stock’s 50-day moving average is $20.93 and its two-hundred day moving average is $22.56. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.12 and a beta of 2.07. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $31.39. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. The firm had revenue of $2.08 billion during 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%. 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 hedge funds have recently added to or reduced their stakes in VSCO. CWM LLC increased its position in Victoria’s Secret & Co. by 126.8% during the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after purchasing an additional 914 shares during the period. GAMMA Investing LLC acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth $41,000. Systematic Alpha Investments LLC purchased a new position in Victoria’s Secret & Co. in the third quarter worth $58,000. Harvest Fund Management Co. Ltd acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at $58,000. Finally, NBC Securities Inc. acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $74,000. 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.