Wells Fargo & Company Lowers Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $25.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price target cut by Wells Fargo & Company from $40.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 31.03% from the stock’s current price.

Several other brokerages have also recently issued reports on VSCO. Telsey Advisory Group cut their price objective on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday. BMO Capital Markets upped their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group upped their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Bank of America lowered 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, January 30th. Finally, Morgan Stanley lowered their target price on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus target price of $33.18.

Victoria’s Secret & Co. Trading Down 6.4 %

Shares of VSCO opened at $19.08 on Thursday. The stock’s 50-day moving average is $34.22 and its two-hundred day moving average is $32.48. The stock has a market cap of $1.50 billion, a PE ratio of 9.89, a P/E/G ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of the business. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at about $27,000. CoreCap Advisors LLC increased its holdings in shares of Victoria’s Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after buying an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Victoria’s Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $112,000. 90.29% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

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.