Victoria’s Secret & Co. (NYSE:VSCO) Shares Down 9.9% After Analyst Downgrade

Victoria’s Secret & Co. (NYSE:VSCO)’s share price traded down 9.9% during trading on Monday after Barclays lowered their price target on the stock from $53.00 to $38.00. Barclays currently has an overweight rating on the stock. Victoria’s Secret & Co. traded as low as $17.13 and last traded at $17.17. 1,566,651 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 2,555,637 shares. The stock had previously closed at $19.05.

Several other research firms have also issued reports on VSCO. TD Cowen raised their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group reduced their target price on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Bank of America dropped their price objective on shares of 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 decreased their target price on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.18.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds have recently modified their holdings of VSCO. Virtus Fund Advisers LLC bought a new stake in Victoria’s Secret & Co. during the 3rd quarter worth approximately $27,000. CoreCap Advisors LLC increased its stake in shares of Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after buying an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at about $112,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 9.3 %

The firm’s 50-day simple moving average is $33.75 and its two-hundred day simple moving average is $32.56. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.15 and a beta of 2.16. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

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.