Victoria's Secret & Co. (NYSE:VSCO) Coverage Initiated at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group assumed coverage on shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm set a "sell" rating and a $14.00 price target on the stock. The Goldman Sachs Group's price objective points to a potential downside of 17.70% from the stock's current price.

Several other equities analysts have also weighed in on the stock. Bank of America reiterated an "underperform" rating and issued a $15.00 target price (down from $34.00) on shares of Victoria's Secret & Co. in a report on Friday, March 8th. BMO Capital Markets cut their price target on Victoria's Secret & Co. from $29.00 to $26.00 and set an "outperform" rating on the stock in a research note on Thursday, March 7th. Telsey Advisory Group dropped 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. JPMorgan Chase & Co. restated an "underweight" rating and issued a $15.00 price objective (down previously from $22.00) on shares of Victoria's Secret & Co. in a research note on Thursday, March 7th. Finally, Wells Fargo & Company reduced their target price on Victoria's Secret & Co. from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Thursday, March 7th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $21.27.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded down $0.55 on Thursday, reaching $17.01. The company's stock had a trading volume of 2,127,162 shares, compared to its average volume of 2,812,740. 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 company has a market capitalization of $1.32 billion, a P/E ratio of 12.51, a PEG ratio of 1.12 and a beta of 2.07. The stock has a 50-day moving average price of $21.17 and a 200-day moving average price of $22.54. Victoria's Secret & Co. has a 52-week low of $13.62 and a 52-week high of $31.66.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) 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. The company had revenue of $2.08 billion during 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%. Analysts expect that Victoria's Secret & Co. will post 1.67 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Oak Thistle LLC acquired a new stake in shares of Victoria's Secret & Co. during the 4th quarter valued at approximately $543,000. AQR Capital Management LLC raised its holdings in Victoria's Secret & Co. by 4.3% during the third quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company's stock worth $24,951,000 after purchasing an additional 61,693 shares during the last quarter. Kettle Hill Capital Management LLC purchased a new stake in Victoria's Secret & Co. during the third quarter worth $18,645,000. Citigroup Inc. grew its holdings in Victoria's Secret & Co. by 478.4% in 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 during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in Victoria's Secret & Co. in the third quarter valued at $799,000. Hedge funds and other institutional investors 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.