JPMorgan Chase & Co. Issues Pessimistic Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective cut by JPMorgan Chase & Co. from $35.00 to $17.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets cut their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Morgan Stanley decreased their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. The Goldman Sachs Group lowered their price objective on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company cut their target price 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, March 6th. Finally, Telsey Advisory Group lowered their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average price target of $30.09.

Victoria’s Secret & Co. Stock Down 1.8 %

Shares of NYSE VSCO opened at $15.65 on Monday. The firm has a market cap of $1.23 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. 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 $13.76 and a 1 year high of $48.73. The firm’s 50 day moving average price is $22.28 and its 200 day moving average price is $31.19.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. As a group, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of $16.15 per share, with a total value of $3,431,875.00. Following the acquisition, the insider now owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. This trade represents a 2.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by corporate insiders.

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

A number of institutional investors have recently added to or reduced their stakes in VSCO. SG Americas Securities LLC purchased a new stake in shares of Victoria’s Secret & Co. during the first quarter worth about $731,000. NBC Securities Inc. increased its holdings in Victoria’s Secret & Co. by 141,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock worth $52,000 after purchasing an additional 2,820 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Victoria’s Secret & Co. by 1,209.6% in the 1st quarter. GAMMA Investing LLC now owns 45,651 shares of the company’s stock valued at $848,000 after purchasing an additional 42,165 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at approximately $112,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Victoria’s Secret & Co. by 33.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock worth $6,435,000 after buying an additional 38,820 shares in the last quarter. Institutional investors and hedge funds 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.