Victoria’s Secret & Co. (NYSE:VSCO) Given New $38.00 Price Target at Barclays

Victoria’s Secret & Co. (NYSE:VSCO) had its price target lowered by Barclays from $53.00 to $38.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the company. TD Cowen upped their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. The Goldman Sachs Group lowered their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price target on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday. Telsey Advisory Group decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.18.

Victoria’s Secret & Co. Stock Down 6.4 %

Shares of Victoria’s Secret & Co. stock opened at $19.08 on Friday. The company has a 50-day simple moving average of $33.75 and a two-hundred day simple moving average of $32.56. The stock has a market capitalization of $1.50 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. 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 announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping 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 company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VSCO. Vanguard Group Inc. lifted its position in shares of Victoria’s Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after buying an additional 58,981 shares in the last quarter. FMR LLC raised its stake in Victoria’s Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after acquiring an additional 1,231,090 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Victoria’s Secret & Co. by 7.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock valued at $85,168,000 after purchasing an additional 137,074 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Victoria’s Secret & Co. by 8.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock worth $84,309,000 after purchasing an additional 156,979 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after purchasing an additional 1,620,256 shares in 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.