Victoria’s Secret & Co. (NYSE:VSCO) Price Target Cut to $25.00 by Analysts at Wells Fargo & Company

Victoria’s Secret & Co. (NYSE:VSCO) had its price target cut by Wells Fargo & Company from $40.00 to $25.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 12.97% from the stock’s current price.

Several other brokerages also recently weighed in on VSCO. JPMorgan Chase & Co. decreased their target price on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday. BMO Capital Markets increased their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Jefferies Financial Group raised their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Bank of America reduced their price objective 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. Finally, Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $51.00 to $53.00 in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus target price of $37.45.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $22.13 on Thursday. The business’s 50-day moving average price is $34.65 and its two-hundred day moving average price is $32.56. 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. has a one year low of $15.12 and a one year high of $48.73. The company has a market capitalization of $1.74 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last issued 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. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in VSCO. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $27,000. 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 lifted its holdings in Victoria’s Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after acquiring an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Victoria’s Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Victoria’s Secret & Co. during the fourth quarter worth about $112,000. 90.29% of the stock is owned by institutional investors and hedge funds.

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.