Wells Fargo & Company Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $28.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price lifted by Wells Fargo & Company from $25.00 to $28.00 in a research report sent to investors on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

VSCO has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an underweight rating in a research report on Friday, May 17th. Morgan Stanley upgraded shares of Victoria’s Secret & Co. from an underweight rating to an equal weight rating in a report on Wednesday. Barclays raised their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock an underweight rating in a report on Thursday. Telsey Advisory Group reiterated a market perform rating and issued a $24.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday. Finally, The Goldman Sachs Group increased their price objective on Victoria’s Secret & Co. from $15.00 to $17.00 and gave the stock a sell rating in a report on Thursday. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $19.80.

Victoria’s Secret & Co. Trading Down 1.1 %

VSCO stock opened at $24.09 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.34 and a beta of 2.08. The business has a fifty day simple moving average of $18.33 and a 200-day simple moving average of $20.54.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company posted $0.28 EPS. Victoria’s Secret & Co.’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Victoria’s Secret & Co. will post 1.76 EPS for the current year.

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

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Victoria’s Secret & Co. during the 2nd quarter worth approximately $50,000. Quarry LP lifted its stake in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Victoria’s Secret & Co. in the 4th quarter worth about $58,000. Finally, Frazier Financial Advisors LLC bought a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $76,000. 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.