Victoria’s Secret & Co. (NYSE:VSCO) Price Target Lowered to $17.00 at JPMorgan Chase & Co.

Victoria’s Secret & Co. (NYSE:VSCO) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $35.00 to $17.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 6.82% from the stock’s previous close.

VSCO has been the subject of several other research reports. The Goldman Sachs Group dropped their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. Morgan Stanley decreased their target price on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Bank of America dropped their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. BMO Capital Markets lowered their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Telsey Advisory Group cut their target price on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.09.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $15.92 on Monday. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The business has a fifty day moving average of $22.61 and a two-hundred day moving average of $31.30.

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

Insider Activity at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of Victoria’s Secret & Co. stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the acquisition, the insider now owns 8,695,019 shares of the company’s stock, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 1,503,973 shares of company stock valued at $26,617,312 over the last three months. 1.10% of the stock is owned by corporate insiders.

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

Hedge funds have recently modified their holdings of the business. NBC Securities Inc. boosted its stake 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 period. CoreCap Advisors LLC boosted its stake in shares of Victoria’s Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after buying an additional 1,955 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Victoria’s Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $112,000. 90.29% of the stock is currently owned by hedge funds and other 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.