The Goldman Sachs Group Has Lowered Expectations for Victoria's Secret & Co. (NYSE:VSCO) Stock Price

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its target price decreased by The Goldman Sachs Group from $19.00 to $15.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other research analysts have also recently commented on the company. Bank of America reduced their target price on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research report on Thursday, January 30th. Telsey Advisory Group dropped their price target on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. BMO Capital Markets cut their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $29.73.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock traded down $0.04 during midday trading on Tuesday, hitting $18.53. The company had a trading volume of 2,772,966 shares, compared to its average volume of 2,949,840. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The business's 50 day simple moving average is $20.15 and its two-hundred day simple moving average is $30.87. The stock has a market cap of $1.46 billion, a PE ratio of 9.60, a P/E/G ratio of 1.15 and a beta of 2.26. 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. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.30. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, equities analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the acquisition, the insider now owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 1,503,973 shares of company stock worth $26,617,312 in the last quarter. Insiders own 1.10% of the company's stock.

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

Several institutional investors have recently modified their holdings of the business. NBC Securities Inc. boosted its stake in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after acquiring an additional 2,820 shares during the last quarter. KBC Group NV boosted its position in shares of Victoria's Secret & Co. by 40.8% in the 1st quarter. KBC Group NV now owns 3,904 shares of the company's stock worth $73,000 after purchasing an additional 1,132 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Victoria's Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after purchasing an additional 1,955 shares during the period. Smartleaf Asset Management LLC increased its holdings in Victoria's Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.