Victoria's Secret & Co. (NYSE:VSCO) Downgraded by Barclays

Barclays lowered shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) from an equal weight rating to an underweight rating in a report published on Wednesday morning, Marketbeat Ratings reports. They currently have $14.00 price target on the stock, down from their prior price target of $15.00.

A number of other equities analysts also recently commented on the company. Telsey Advisory Group cut their price objective on Victoria's Secret & Co. from $29.00 to $20.00 and set a market perform rating on the stock in a report on Thursday, March 7th. 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 report on Thursday, March 7th. Morgan Stanley downgraded Victoria's Secret & Co. from an equal weight rating to an underweight rating and dropped their target price for the company from $19.00 to $15.00 in a report on Monday. JPMorgan Chase & Co. reiterated an underweight rating and set a $15.00 target price (down from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, March 7th. Finally, BMO Capital Markets dropped their target price on Victoria's Secret & Co. from $29.00 to $26.00 and set an outperform rating on the stock in a report on Thursday, March 7th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $19.82.

Victoria's Secret & Co. Price Performance

Shares of VSCO traded up $0.11 during trading hours on Wednesday, reaching $18.03. 1,680,346 shares of the company traded hands, compared to its average volume of 2,698,702. 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 stock has a market capitalization of $1.40 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.11 and a beta of 2.05. Victoria's Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80. The stock has a fifty day simple moving average of $19.33 and a 200 day simple moving average of $22.68.

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

Institutional Investors Weigh In On Victoria's Secret & Co.

Several hedge funds have recently modified their holdings of VSCO. GAMMA Investing LLC acquired a new position in Victoria's Secret & Co. during the fourth quarter valued at $41,000. Harvest Fund Management Co. Ltd acquired a new position in Victoria's Secret & Co. during the fourth quarter valued at $58,000. Frazier Financial Advisors LLC acquired a new position in Victoria's Secret & Co. during the fourth quarter valued at $76,000. Systematic Alpha Investments LLC acquired a new position in Victoria's Secret & Co. during the third quarter valued at $58,000. Finally, Arena Capital Advisors LLC CA acquired a new position in Victoria's Secret & Co. in the 4th quarter worth about $106,000. 90.29% of the stock is owned by hedge funds and other 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.