Victoria’s Secret & Co. (NYSE:VSCO) Rating Lowered to Underweight at Morgan Stanley

Victoria’s Secret & Co. (NYSE:VSCO) was downgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Monday, Marketbeat.com reports. They presently have a $15.00 price objective on the stock, down from their prior price objective of $19.00. Morgan Stanley’s price objective would suggest a potential downside of 16.29% from the company’s current price.

Several other equities analysts have also weighed in on VSCO. Telsey Advisory Group cut their target price on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Wells Fargo & Company reduced their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. BMO Capital Markets reduced their price target on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group started coverage on shares of Victoria’s Secret & Co. in a research report on Thursday, April 25th. They issued a “sell” rating and a $14.00 price objective for the company. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.36.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $17.92 on Monday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.11 and a beta of 2.05. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The business’s 50-day simple moving average is $19.57 and its 200 day simple moving average is $22.70.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors have recently modified their holdings of VSCO. NBC Securities Inc. acquired a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $74,000. Victory Capital Management Inc. raised its holdings in shares of Victoria’s Secret & Co. by 45.1% in the third quarter. Victory Capital Management Inc. now owns 19,936 shares of the company’s stock valued at $333,000 after purchasing an additional 6,197 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $799,000. Fox Run Management L.L.C. bought a new stake in shares of Victoria’s Secret & Co. in the third quarter worth $299,000. Finally, Newport Trust Company LLC acquired a new position in Victoria’s Secret & Co. during the third quarter worth $3,344,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.