Victoria's Secret & Co. (NYSE:VSCO) Downgraded by Morgan Stanley to "Underweight"

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was downgraded by investment analysts at Morgan Stanley from an "equal weight" rating to an "underweight" rating in a note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $15.00 price objective on the stock, down from their previous price objective of $19.00. Morgan Stanley's target price points to a potential downside of 16.62% from the stock's current price.

A number of other brokerages also recently weighed in on VSCO. BMO Capital Markets dropped their price objective on 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. Bank of America reiterated an "underperform" rating and set a $15.00 price objective (down previously from $34.00) on shares of Victoria's Secret & Co. in a research note on Friday, March 8th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $15.00 target price (down from $22.00) on shares of Victoria's Secret & Co. in a research note on Thursday, March 7th. The Goldman Sachs Group started coverage on Victoria's Secret & Co. in a research report on Thursday, April 25th. They set a "sell" rating and a $14.00 price target on the stock. Finally, Wells Fargo & Company dropped their target price on 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. Five analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.36.

Victoria's Secret & Co. Stock Up 2.5 %

NYSE VSCO traded up $0.44 during trading on Monday, reaching $17.99. 2,631,970 shares of the company's stock traded hands, compared to its average volume of 2,725,909. Victoria's Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.11 and a beta of 2.05. The company's 50 day simple moving average is $19.79 and its two-hundred day simple moving average is $22.70.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. Victoria's Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. As a group, sell-side analysts forecast that Victoria's Secret & Co. will post 1.67 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Oak Thistle LLC purchased a new position in Victoria's Secret & Co. during the fourth quarter worth approximately $543,000. AQR Capital Management LLC grew its stake in Victoria's Secret & Co. by 4.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company's stock valued at $24,951,000 after acquiring an additional 61,693 shares during the period. Kettle Hill Capital Management LLC purchased a new stake in Victoria's Secret & Co. in the 3rd quarter worth $18,645,000. River Global Investors LLP raised its position in Victoria's Secret & Co. by 18.1% during the fourth quarter. River Global Investors LLP now owns 43,697 shares of the company's stock worth $1,160,000 after acquiring an additional 6,694 shares during the period. Finally, Citigroup Inc. lifted its holdings in Victoria's Secret & Co. by 478.4% during the third quarter. Citigroup Inc. now owns 199,668 shares of the company's stock valued at $3,330,000 after purchasing an additional 165,147 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

About Victoria's Secret & Co.

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.