Morgan Stanley Cuts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price lowered by Morgan Stanley from $44.00 to $40.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also recently weighed in on VSCO. UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Jefferies Financial Group increased their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. Finally, BMO Capital Markets increased their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average price target of $37.55.

Victoria’s Secret & Co. Stock Down 0.3 %

VSCO stock opened at $38.49 on Tuesday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a 50-day moving average of $40.56 and a two-hundred day moving average of $29.90. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.29 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned ($0.86) earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares during the period. Forest Avenue Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $40,861,000. AQR Capital Management LLC grew its holdings in shares of Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after buying an additional 1,368,103 shares during the period. Marshall Wace LLP grew its holdings in shares of Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after buying an additional 571,295 shares during the period. Finally, Lombard Odier Asset Management USA Corp grew its holdings in shares of Victoria’s Secret & Co. by 102.3% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after buying an additional 511,573 shares during the period. Institutional investors own 90.29% of the company’s stock.

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.