Victoria’s Secret & Co. (NYSE:VSCO) PT Raised to $33.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target raised by Wells Fargo & Company from $30.00 to $33.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also commented on VSCO. TD Cowen increased their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group increased their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.30.

Victoria’s Secret & Co. Stock Down 1.9 %

Shares of NYSE VSCO opened at $28.59 on Monday. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $30.80. The firm’s 50-day simple moving average is $24.92 and its 200 day simple moving average is $20.91. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 16.62 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. On average, research analysts expect that Victoria’s Secret & Co. will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

A number of large investors have recently made changes to their positions in VSCO. PNC Financial Services Group Inc. lifted its holdings in Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $297,000 after acquiring an additional 628 shares in the last quarter. Natixis lifted its holdings in shares of Victoria’s Secret & Co. by 1,100,000.0% during the 1st quarter. Natixis now owns 275,025 shares of the company’s stock valued at $5,330,000 after purchasing an additional 275,000 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at approximately $589,000. Aristeia Capital L.L.C. bought a new stake in Victoria’s Secret & Co. during the 2nd quarter worth approximately $1,171,000. Finally, Alpha DNA Investment Management LLC acquired a new stake in Victoria’s Secret & Co. during the 2nd quarter worth approximately $408,000. 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.