Wells Fargo & Company Boosts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $30.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective upped by Wells Fargo & Company from $28.00 to $30.00 in a research report report published on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

VSCO has been the subject of several other research reports. Bank of America lifted their target price on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the company an underperform rating in a report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price target on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an underweight rating in a research note on Friday, May 17th. Barclays boosted their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock an underweight rating in a research note on Thursday, August 15th. Telsey Advisory Group boosted their price target on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a market perform rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on shares of Victoria’s Secret & Co. from $15.00 to $17.00 and gave the stock a sell rating in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $23.40.

Victoria’s Secret & Co. Trading Down 2.1 %

VSCO opened at $23.46 on Thursday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.26 and a beta of 2.08. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. The company’s 50 day simple moving average is $19.49 and its two-hundred day simple moving average is $20.23. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year 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. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 47.61%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts expect that Victoria’s Secret & Co. will post 2.03 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently modified their holdings of the stock. UBS Group AG boosted its holdings in shares of Victoria’s Secret & Co. by 3.0% in the 4th quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock valued at $90,817,000 after buying an additional 98,882 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after buying an additional 1,368,103 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after buying an additional 258,059 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Victoria’s Secret & Co. by 18.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock worth $31,650,000 after purchasing an additional 188,384 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Victoria’s Secret & Co. by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock worth $16,206,000 after purchasing an additional 109,013 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.