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

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

A number of other analysts have also recently commented on the company. Morgan Stanley upgraded Victoria’s Secret & Co. from an underweight rating to an equal weight rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Victoria’s Secret & Co. from $15.00 to $17.00 and gave the stock a sell rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of 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. Bank of America upped their price target on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an underperform rating in a research report on Thursday. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $24.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $19.80.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO traded down $0.28 during midday trading on Thursday, reaching $24.09. 2,689,823 shares of the stock were exchanged, compared to its average volume of 2,878,202. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.34 and a beta of 2.08. The firm has a 50-day simple moving average of $18.25 and a two-hundred day simple moving average of $20.60. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $30.80.

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, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. As a group, analysts anticipate that Victoria’s Secret & Co. will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after purchasing an additional 1,368,103 shares during the last quarter. Bayberry Capital Partners LP acquired a new position in Victoria’s Secret & Co. in the 1st quarter valued at about $11,919,000. Marshall Wace LLP grew its stake in shares of Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after buying an additional 571,295 shares during the period. Lombard Odier Asset Management USA Corp increased its holdings in shares of Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after buying an additional 511,573 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $8,986,000. Hedge funds and other 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.