Victoria’s Secret & Co. (NYSE:VSCO) Given New $31.00 Price Target at BMO Capital Markets

Victoria’s Secret & Co. (NYSE:VSCO) had its target price reduced by research analysts at BMO Capital Markets from $46.00 to $31.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 48.37% from the company’s previous close.

Several other equities research analysts also recently weighed in on VSCO. Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $51.00 to $53.00 in a research report on Tuesday, January 28th. Jefferies Financial Group upped their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price target on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company reduced their target price on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.09.

Victoria’s Secret & Co. Trading Down 5.9 %

Shares of NYSE VSCO traded down $1.32 during mid-day trading on Thursday, hitting $20.89. The stock had a trading volume of 3,604,337 shares, compared to its average volume of 2,247,310. The firm has a market cap of $1.64 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11. The business has a 50 day moving average price of $34.65 and a two-hundred 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. has a 1 year low of $15.12 and a 1 year high of $48.73.

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

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of hedge funds have recently added to or reduced their stakes in VSCO. Forest Avenue Capital Management LP bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $40,861,000. Wakefield Asset Management LLLP acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at about $991,000. FengHe Fund Management Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth $2,435,000. Oliver Luxxe Assets LLC acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $1,963,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Victoria’s Secret & Co. by 31,597.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock valued at $3,690,000 after buying an additional 91,002 shares during the last quarter. 90.29% of the stock is currently owned by 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.