Victoria’s Secret & Co. (NYSE:VSCO) Downgraded by Morgan Stanley to Underweight

Victoria’s Secret & Co. (NYSE:VSCO) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $15.00 price target on the stock, down from their previous price target of $19.00. Morgan Stanley’s price target points to a potential downside of 16.29% from the stock’s previous close.

A number of other research firms have also commented on VSCO. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $15.00 price objective (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Wells Fargo & Company dropped their price target on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, March 7th. The Goldman Sachs Group assumed coverage on Victoria’s Secret & Co. in a research note on Thursday, April 25th. They issued a “sell” rating and a $14.00 price target for the company. Telsey Advisory Group reduced their price objective on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Finally, Bank of America reiterated an “underperform” rating and set a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.36.

Victoria’s Secret & Co. Trading Down 0.4 %

Shares of VSCO stock opened at $17.92 on Monday. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $30.80. The stock has a fifty day moving average of $19.57 and a two-hundred day moving average of $22.70. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. The firm has a market capitalization of $1.39 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.11 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. As a group, research analysts expect that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $41,000. Systematic Alpha Investments LLC bought a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $58,000. Harvest Fund Management Co. Ltd bought a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $58,000. NBC Securities Inc. acquired a new stake in Victoria’s Secret & Co. in the third quarter worth about $74,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $76,000. 90.29% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

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.