The Goldman Sachs Group Issues Pessimistic Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its target price decreased by investment analysts at The Goldman Sachs Group from $19.00 to $15.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price points to a potential downside of 16.94% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. UBS Group cut their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. BMO Capital Markets lowered their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Bank of America cut their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Finally, Telsey Advisory Group dropped their price objective on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.73.

Victoria’s Secret & Co. Stock Up 4.4 %

Shares of NYSE:VSCO opened at $18.06 on Tuesday. Victoria’s Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The stock has a market cap of $1.42 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.15 and a beta of 2.26. The firm has a fifty day moving average price of $20.69 and a 200 day moving average price of $30.91.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Sell-side analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased 1,503,973 shares of company stock worth $26,617,312 in the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of institutional investors have recently modified their holdings of VSCO. GAMMA Investing LLC raised its holdings in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after acquiring an additional 326 shares during the last quarter. Picton Mahoney Asset Management increased its stake in Victoria’s Secret & Co. by 6.5% in the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock valued at $322,000 after purchasing an additional 477 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Victoria’s Secret & Co. by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock worth $340,000 after buying an additional 522 shares during the period. Mariner LLC boosted its stake in Victoria’s Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company’s stock worth $800,000 after buying an additional 569 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.