Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $21.00 by Analysts at Barclays

Posted by on Jun 3rd, 2023

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) had its price target trimmed by Barclays from $35.00 to $21.00 in a research note released on Friday morning, The Fly reports.

A number of other brokerages have also commented on VSCO. Bank of America cut their price objective on shares of Victoria’s Secret & Co. from $50.00 to $30.00 in a research report on Thursday. TheStreet lowered shares of Victoria’s Secret & Co. from a c- rating to a d+ rating in a research report on Thursday, May 4th. JPMorgan Chase & Co. cut their price objective on shares of Victoria’s Secret & Co. from $36.00 to $32.00 in a research report on Monday, May 8th. Telsey Advisory Group reaffirmed a market perform rating and set a $45.00 price objective on shares of Victoria’s Secret & Co. in a research report on Friday, March 3rd. Finally, BMO Capital Markets cut their price objective on shares of Victoria’s Secret & Co. from $53.00 to $25.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $34.67.

Victoria’s Secret & Co. Stock Up 8.0 %

VSCO stock opened at $20.14 on Friday. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.10 and a quick ratio of 0.43. Victoria’s Secret & Co. has a 52-week low of $17.39 and a 52-week high of $48.16. The company has a 50-day moving average of $28.71 and a two-hundred day moving average of $35.59. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 0.40 and a beta of 2.01.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last released its quarterly earnings results on Thursday, June 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.26). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Victoria’s Secret & Co. had a net margin of 4.28% and a return on equity of 111.04%. During the same quarter last year, the company earned $1.11 earnings per share. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.89 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several large investors have recently added to or reduced their stakes in VSCO. JPMorgan Chase & Co. grew its stake in Victoria’s Secret & Co. by 6.5% during the first quarter. JPMorgan Chase & Co. now owns 280,547 shares of the company’s stock worth $14,407,000 after buying an additional 17,208 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Victoria’s Secret & Co. by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 650,103 shares of the company’s stock worth $33,389,000 after buying an additional 7,239 shares during the last quarter. American Century Companies Inc. bought a new stake in Victoria’s Secret & Co. during the first quarter worth about $965,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Victoria’s Secret & Co. by 24.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,629 shares of the company’s stock valued at $340,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Victoria’s Secret & Co. by 94.6% during the first quarter. Citigroup Inc. now owns 23,498 shares of the company’s stock valued at $1,207,000 after purchasing an additional 11,421 shares during the last quarter. 87.62% of the stock is owned by institutional investors.

About Victoria’s Secret & Co.

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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

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