Wells Fargo & Company Increases Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $33.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price increased by analysts at Wells Fargo & Company from $30.00 to $33.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 12.36% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. The Goldman Sachs Group upped their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. TD Cowen raised their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. BMO Capital Markets increased their price objective on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $24.30.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $29.37 on Monday. The firm has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $20.78. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $30.80. The company has a market capitalization of $2.30 billion, a PE ratio of 22.59 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Research analysts expect that Victoria’s Secret & Co. will post 1.98 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Victoria’s Secret & Co. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $297,000 after buying an additional 628 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $372,000. Texas Permanent School Fund Corp boosted its position in shares of Victoria’s Secret & Co. by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock worth $1,313,000 after acquiring an additional 1,205 shares during the last quarter. Duality Advisers LP grew its stake in Victoria’s Secret & Co. by 53.9% during the first quarter. Duality Advisers LP now owns 107,763 shares of the company’s stock valued at $2,088,000 after acquiring an additional 37,733 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Victoria’s Secret & Co. by 47.2% in the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the company’s stock valued at $273,000 after acquiring an additional 4,514 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.