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

Victoria’s Secret & Co. (NYSE:VSCO) had its target price boosted by investment analysts at Wells Fargo & Company from $30.00 to $33.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 12.36% from the stock’s current price.

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

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $29.37 on Monday. The company has a market capitalization of $2.30 billion, a PE ratio of 22.59 and a beta of 2.14. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $30.80. The firm has a fifty day simple moving average of $24.57 and a 200 day simple moving average of $20.78.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. On average, sell-side analysts forecast that Victoria’s Secret & Co. will post 1.98 EPS for the current year.

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

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. in the 2nd quarter worth approximately $50,000. Quarry LP increased its holdings 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 worth $56,000 after buying an additional 1,764 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after buying an additional 1,652 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth $92,000. 90.29% of the stock is currently owned by hedge funds and other 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.