Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $23.00 by Analysts at Morgan Stanley

Victoria’s Secret & Co. (NYSE:VSCO) had its price target reduced by Morgan Stanley from $38.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

VSCO has been the topic of several other research reports. Wells Fargo & Company reduced their price target on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $51.00 to $53.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group reduced their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, January 30th. Finally, Bank of America reduced their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Two equities 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, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus price target of $33.18.

Victoria’s Secret & Co. Trading Down 6.4 %

Shares of VSCO opened at $19.08 on Friday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The firm’s fifty day moving average is $34.22 and its two-hundred day moving average is $32.48. The stock has a market cap of $1.50 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16.

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

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently bought and sold shares of VSCO. Farther Finance Advisors LLC raised its holdings in Victoria’s Secret & Co. by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after buying an additional 835 shares during the period. Versor Investments LP acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $907,000. Aigen Investment Management LP acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $332,000. Oppenheimer Asset Management Inc. acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $360,000. Finally, Intech Investment Management LLC acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $382,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.