Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $24.00 by Analysts at Telsey Advisory Group

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective lowered by analysts at Telsey Advisory Group from $40.00 to $24.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 8.45% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Bank of America reduced their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday. Barclays raised Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $51.00 to $53.00 in a research report on Tuesday, January 28th. Wells Fargo & Company reduced their price target on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Finally, Morgan Stanley dropped their price objective on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Two 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. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average target price of $38.82.

Victoria’s Secret & Co. Stock Down 5.3 %

Shares of NYSE VSCO opened at $22.13 on Thursday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.15 and a beta of 2.11. The stock has a 50 day moving average price of $34.65 and a 200 day moving average price of $32.56. 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 earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Victoria’s Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after acquiring an additional 412 shares during the period. Picton Mahoney Asset Management grew its holdings in Victoria’s Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock worth $322,000 after acquiring an additional 477 shares during the period. Summit Investment Advisors Inc. raised 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 valued at $340,000 after acquiring an additional 522 shares in the last quarter. Finally, Mariner LLC boosted its position 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 purchasing an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.