Victoria’s Secret & Co. (NYSE:VSCO) Price Target Raised to $17.00 at The Goldman Sachs Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective upped by equities research analysts at The Goldman Sachs Group from $15.00 to $17.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective points to a potential downside of 29.43% from the company’s current price.

Several other research firms have also recently issued reports on VSCO. JPMorgan Chase & Co. increased their price objective on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $20.00 price objective on shares of Victoria’s Secret & Co. in a research report on Thursday, June 6th. Morgan Stanley upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating in a research report on Wednesday. Finally, Barclays increased their price objective on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Friday, June 7th. Five 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 company’s stock. According to MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average target price of $19.80.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $24.09 on Thursday. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. The stock has a fifty day moving average price of $18.33 and a 200 day moving average price of $20.59. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The company has a market cap of $1.89 billion, a PE ratio of 18.53, a P/E/G ratio of 1.34 and a beta of 2.08.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Sell-side analysts forecast that Victoria’s Secret & Co. will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VSCO. Quarry LP increased its position in Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares in the last quarter. Algert Global LLC increased its position in Victoria’s Secret & Co. by 107.6% during the 2nd quarter. Algert Global LLC now owns 97,321 shares of the company’s stock worth $1,720,000 after purchasing an additional 50,451 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Victoria’s Secret & Co. by 234.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,577 shares of the company’s stock worth $735,000 after purchasing an additional 29,161 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Victoria’s Secret & Co. during the 2nd quarter worth about $589,000. Finally, AQR Capital Management LLC increased its position in Victoria’s Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after purchasing an additional 1,368,103 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.