Wells Fargo & Company Issues Pessimistic Forecast for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its target price reduced by equities researchers at Wells Fargo & Company from $45.00 to $40.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 8.59% from the stock’s current price.

Several other research analysts also recently commented on VSCO. TD Cowen upped their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Bank of America reduced their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $51.00 to $53.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.36.

Victoria’s Secret & Co. Stock Up 1.9 %

Shares of NYSE VSCO traded up $0.68 during midday trading on Thursday, reaching $36.84. The company’s stock had a trading volume of 1,557,457 shares, compared to its average volume of 1,985,629. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.28 and a beta of 2.14. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a 50 day simple moving average of $40.63 and a 200-day simple moving average of $30.50.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.86) EPS. Equities research analysts predict that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

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

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Victoria’s Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after acquiring an additional 326 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Victoria’s Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after purchasing an additional 412 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after buying an additional 835 shares during the period. Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $27,000. Finally, Blue Trust Inc. raised its stake in Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.