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

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report)‘s stock had its “equal weight” rating reissued by analysts at Wells Fargo & Company in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a $45.00 price objective on the stock, up from their previous price objective of $33.00. Wells Fargo & Company‘s price target points to a potential downside of 3.50% from the company’s current price.

Several other analysts also recently commented on VSCO. BMO Capital Markets upped their price objective 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. UBS Group upped their price target on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a research note on Thursday, December 5th. Bank of America lifted their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Jefferies Financial Group boosted their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two investment 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. According to data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus price target of $36.73.

Get Our Latest Report on Victoria’s Secret & Co.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $46.63 on Monday. The company’s 50 day simple moving average is $33.17 and its 200-day simple moving average is $25.12. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.70. The firm has a market cap of $3.66 billion, a PE ratio of 24.16 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last issued 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 company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted ($0.86) EPS. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts predict that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth about $27,000. Blue Trust Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $50,000. Quarry LP grew its position in shares of Victoria’s Secret & Co. by 126.6% in the second 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. Finally, GAMMA Investing LLC raised its position in shares of Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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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.

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Analyst Recommendations for Victoria's Secret & Co. (NYSE:VSCO)

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