Victoria’s Secret & Co. (NYSE:VSCO) Earns Equal Weight Rating from Wells Fargo & Company

Victoria’s Secret & Co. (NYSE:VSCO)‘s stock had its “equal weight” rating reissued by research analysts at Wells Fargo & Company in a research note issued on Monday,Benzinga reports. They currently have a $45.00 target price on the stock, up from their prior target price of $33.00. Wells Fargo & Company‘s target price points to a potential downside of 6.29% from the stock’s current price.

A number of other research firms also recently commented on VSCO. The Goldman Sachs Group lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. BMO Capital Markets lifted their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America upped their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Finally, Jefferies Financial Group lifted their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average price target of $32.36.

Victoria’s Secret & Co. Trading Up 11.6 %

VSCO stock opened at $48.02 on Monday. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.70. The business’s 50-day moving average is $32.31 and its 200 day moving average is $24.75. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 24.88 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned ($0.86) earnings per share. Victoria’s Secret & Co.’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.01 EPS for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Victoria’s Secret & Co. by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 46,395 shares of the company’s stock worth $900,000 after buying an additional 2,594 shares during the period. CWM LLC raised its holdings in shares of Victoria’s Secret & Co. by 172.1% in the 2nd quarter. CWM LLC now owns 17,959 shares of the company’s stock valued at $317,000 after purchasing an additional 11,360 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Victoria’s Secret & Co. by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after purchasing an additional 715 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Victoria’s Secret & Co. by 16.4% in the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock valued at $11,529,000 after buying an additional 91,712 shares during the last quarter. 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 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.