Morgan Stanley Has Lowered Expectations for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective decreased by equities research analysts at Morgan Stanley from $44.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 4.31% from the company’s current price.

Several other equities research analysts have also recently issued reports on VSCO. TD Cowen boosted their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets boosted their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Telsey Advisory Group restated a “market perform” rating and set a $40.00 price objective on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their target price for the company from $18.00 to $47.00 in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $45.00 price target (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.55.

Victoria’s Secret & Co. Trading Up 3.4 %

Shares of VSCO stock traded up $1.25 on Tuesday, reaching $38.35. 349,551 shares of the company’s stock were exchanged, compared to its average volume of 1,625,375. The company’s fifty day simple moving average is $40.40 and its 200 day simple moving average is $29.63. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $3.01 billion, a PE ratio of 19.83, a P/E/G ratio of 2.19 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned ($0.86) earnings per share. As a group, analysts forecast that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VSCO. Oliver Luxxe Assets LLC acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at approximately $1,963,000. Nisa Investment Advisors LLC lifted its holdings in shares of Victoria’s Secret & Co. by 23.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock valued at $716,000 after purchasing an additional 3,277 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth $206,000. Ballentine Partners LLC purchased a new position in Victoria’s Secret & Co. during the 4th quarter worth $236,000. Finally, Profit Investment Management LLC increased its position in Victoria’s Secret & Co. by 6.9% during the 4th quarter. Profit Investment Management LLC now owns 63,357 shares of the company’s stock valued at $2,624,000 after buying an additional 4,083 shares in the last quarter. 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.