Wells Fargo & Company Has Lowered Expectations for Victoria’s Secret & Co. (NYSE:VSCO) Stock Price

Victoria’s Secret & Co. (NYSE:VSCO) had its price target lowered by research analysts at Wells Fargo & Company from $45.00 to $40.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 8.59% from the company’s current price.

Other analysts also recently issued reports about the company. The Goldman Sachs Group reduced their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their target price for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Bank of America decreased their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $51.00 to $53.00 in a research note on Tuesday. Finally, Morgan Stanley reduced their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.36.

Victoria’s Secret & Co. Trading Up 1.9 %

Shares of NYSE:VSCO traded up $0.68 during trading on Thursday, hitting $36.84. 1,557,457 shares of the company’s stock were exchanged, compared to its average volume of 1,985,629. The firm has a 50-day moving average price of $40.63 and a two-hundred day moving average price of $30.50. The firm has a market cap of $2.90 billion, a P/E ratio of 19.09, a PEG ratio of 2.28 and a beta of 2.14. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.86) EPS. Equities analysts predict that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Victoria’s Secret & Co. by 31,597.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock worth $3,690,000 after buying an additional 91,002 shares during the last quarter. TriaGen Wealth Management LLC bought a new position in Victoria’s Secret & Co. during the fourth quarter worth about $713,000. Oliver Luxxe Assets LLC acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter worth approximately $1,963,000. Nisa Investment Advisors LLC lifted its position in shares of Victoria’s Secret & Co. by 23.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock worth $716,000 after buying an additional 3,277 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $206,000. 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 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.