Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) had its price objective raised by research analysts at Wells Fargo & Company from $25.00 to $28.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 16.42% from the stock’s current price.
VSCO has been the topic of a number of other reports. Bank of America lifted their price objective on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday. Barclays lifted their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday. Morgan Stanley raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating in a report on Wednesday. Telsey Advisory Group reissued a “market perform” rating and issued a $24.00 price target on shares of Victoria’s Secret & Co. in a report on Thursday. Finally, 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 report on Friday, May 17th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.80.
View Our Latest Research Report on VSCO
Victoria’s Secret & Co. Stock Up 8.3 %
Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $0.28 EPS. Victoria’s Secret & Co.’s revenue was down 3.4% compared to the same quarter last year. Analysts anticipate that Victoria’s Secret & Co. will post 1.73 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $41,000. Harvest Fund Management Co. Ltd bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $58,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. in the second quarter worth approximately $50,000. Frazier Financial Advisors LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $76,000. Finally, Arena Capital Advisors LLC CA bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $106,000. 90.29% of the stock is currently owned by 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.
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