UBS Group Cuts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $21.00

Posted by William Tyler on May 26th, 2023

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) had its price target lowered by UBS Group from $27.00 to $21.00 in a research note published on Tuesday, The Fly reports.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Victoria’s Secret & Co. from $36.00 to $32.00 in a report on Monday, May 8th. Barclays cut Victoria’s Secret & Co. from an overweight rating to an equal weight rating and set a $35.00 price objective on the stock. in a report on Tuesday, May 2nd. Jefferies Financial Group decreased their price objective on Victoria’s Secret & Co. from $50.00 to $39.00 in a report on Tuesday, May 9th. 500.com reissued a maintains rating on shares of Victoria’s Secret & Co. in a report on Tuesday, May 9th. Finally, Telsey Advisory Group reaffirmed a market perform rating and issued a $45.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $45.17.

Victoria’s Secret & Co. Trading Down 6.2 %

Shares of VSCO stock opened at $21.68 on Tuesday. The business’s fifty day moving average is $29.98 and its 200 day moving average is $36.47. Victoria’s Secret & Co. has a 52-week low of $21.52 and a 52-week high of $48.16. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.43 and a current ratio of 1.10. The company has a market capitalization of $1.69 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last issued its quarterly earnings results on Friday, March 3rd. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.14. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. Victoria’s Secret & Co. had a return on equity of 141.99% and a net margin of 5.49%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.70 earnings per share. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 4.89 EPS for the current fiscal year.

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

Hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its position in shares of Victoria’s Secret & Co. by 178.9% during the third quarter. Rockefeller Capital Management L.P. now owns 859 shares of the company’s stock valued at $25,000 after purchasing an additional 551 shares in the last quarter. Quent Capital LLC boosted its holdings in Victoria’s Secret & Co. by 94.5% in the fourth quarter. Quent Capital LLC now owns 813 shares of the company’s stock worth $29,000 after acquiring an additional 395 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Victoria’s Secret & Co. by 774.0% in the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock worth $33,000 after acquiring an additional 565 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock worth $44,000 after acquiring an additional 329 shares in the last quarter. Finally, Quarry LP bought a new stake in Victoria’s Secret & Co. in the first quarter worth $46,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

About Victoria’s Secret & Co.

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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.