Victoria’s Secret & Co. (NYSE:VSCO) Given New $40.00 Price Target at Wells Fargo & Company

Victoria’s Secret & Co. (NYSE:VSCO) had its price target trimmed by Wells Fargo & Company from $45.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their target price for the company from $18.00 to $47.00 in a report on Tuesday, December 10th. The Goldman Sachs Group decreased their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday. Bank of America dropped their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday. BMO Capital Markets lifted their price target 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. Finally, Jefferies Financial Group increased their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus price target of $42.36.

Victoria’s Secret & Co. Trading Up 1.9 %

NYSE VSCO opened at $36.84 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock’s 50-day simple moving average is $40.67 and its two-hundred day simple moving average is $30.54. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.11 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.86) EPS. Research analysts forecast that Victoria’s Secret & Co. will post 2.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $16,206,000 after purchasing an additional 109,013 shares in the last quarter. Sei Investments Co. boosted its position in Victoria’s Secret & Co. by 1.9% during the 2nd quarter. Sei Investments Co. now owns 175,553 shares of the company’s stock valued at $3,102,000 after acquiring an additional 3,253 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Victoria’s Secret & Co. by 234.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,577 shares of the company’s stock worth $735,000 after acquiring an additional 29,161 shares during the period. Algert Global LLC raised its position in shares of Victoria’s Secret & Co. by 107.6% in the 2nd quarter. Algert Global LLC now owns 97,321 shares of the company’s stock worth $1,720,000 after acquiring an additional 50,451 shares in the last quarter. Finally, Quarry LP lifted its stake in shares of Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.