JPMorgan Chase & Co. Cuts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $35.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $43.00 to $35.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 58.16% from the stock’s current price.

VSCO has been the topic of a number of other reports. Bank of America decreased their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price objective on shares of Victoria’s Secret & Co. in a research report on Wednesday, February 26th. Morgan Stanley dropped their target price on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. The Goldman Sachs Group cut their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, January 30th. Finally, Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $51.00 to $53.00 in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.82.

Victoria’s Secret & Co. Trading Down 5.3 %

Shares of Victoria’s Secret & Co. stock opened at $22.13 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The firm has a market capitalization of $1.74 billion, a PE ratio of 11.47, a P/E/G ratio of 1.15 and a beta of 2.11. The firm’s 50-day moving average price is $34.65 and its 200 day moving average price is $32.56.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VSCO. Public Employees Retirement System of Ohio purchased a new position in Victoria’s Secret & Co. during the 4th quarter worth $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 worth $6,435,000 after acquiring an additional 38,820 shares during the period. Tremblant Capital Group increased its stake in shares of Victoria’s Secret & Co. by 137.1% during the fourth 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 period. State of Wyoming raised its holdings in Victoria’s Secret & Co. by 173.2% during the fourth quarter. State of Wyoming now owns 6,245 shares of the company’s stock worth $259,000 after purchasing an additional 3,959 shares in the last quarter. Finally, Shellback Capital LP acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at about $3,728,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.