Victoria's Secret & Co. (NYSE:VSCO) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Victoria's Secret & Co. has been downgraded by Wall Street Zen from a "hold" rating to a "sell" rating, reflecting growing concerns among analysts about the company's stock performance.
• Goldman Sachs set a $15.00 target price on the shares, alongside other firms issuing varying ratings, while the consensus price target remains at $25.09.
• Despite reporting quarterly earnings that met estimates, Victoria's Secret's revenue declined by 0.5% year-over-year, indicating challenges in maintaining growth.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Several other research firms have also weighed in on VSCO. The Goldman Sachs Group reaffirmed a "sell" rating and set a $15.00 price target on shares of Victoria's Secret & Co. in a research report on Wednesday, June 4th. Barclays reaffirmed an "overweight" rating and issued a $23.00 price objective (up from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $15.00 price objective (up from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. UBS Group set a $24.00 target price on Victoria's Secret & Co. and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, Telsey Advisory Group restated a "market perform" rating and set a $24.00 price objective on shares of Victoria's Secret & Co. in a research report on Wednesday, June 11th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Victoria's Secret & Co. presently has a consensus rating of "Hold" and an average target price of $25.00.

Victoria's Secret & Co. Trading Down 3.6%

VSCO stock traded down $0.75 during midday trading on Friday, reaching $19.81. The stock had a trading volume of 1,942,533 shares, compared to its average volume of 3,469,026. The business has a fifty day simple moving average of $19.94 and a two-hundred day simple moving average of $22.50. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.02 and a beta of 2.17. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the business earned $0.12 earnings per share. The company's revenue was down .5% compared to the same quarter last year. As a group, research analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Victoria's Secret & Co. by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company's stock worth $166,599,000 after purchasing an additional 38,695 shares during the period. FMR LLC boosted its position in shares of Victoria's Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after buying an additional 1,231,090 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Victoria's Secret & Co. by 8.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock worth $84,309,000 after acquiring an additional 156,979 shares during the period. Marshall Wace LLP lifted its holdings in Victoria's Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after acquiring an additional 1,620,256 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Victoria's Secret & Co. by 18.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,868,817 shares of the company's stock worth $34,723,000 after acquiring an additional 288,629 shares during the period. 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 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.