Wells Fargo & Company Increases Victoria's Secret & Co. (NYSE:VSCO) Price Target to $33.00

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) had its price objective raised by equities research analysts at Wells Fargo & Company from $30.00 to $33.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 15.55% from the company's previous close.

Several other equities analysts also recently commented on the stock. TD Cowen upped their price objective on shares of Victoria's Secret & Co. from $20.00 to $26.00 and gave the company a "hold" rating in a research note on Friday, August 30th. The Goldman Sachs Group upped their price target on Victoria's Secret & Co. from $17.00 to $19.00 and gave the company a "sell" rating in a research report on Friday, August 30th. Morgan Stanley lifted their price objective on Victoria's Secret & Co. from $20.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Friday, August 30th. BMO Capital Markets upped their target price on Victoria's Secret & Co. from $29.00 to $33.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Barclays upgraded shares of Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Victoria's Secret & Co. currently has an average rating of "Hold" and a consensus target price of $24.30.

Victoria's Secret & Co. Trading Up 3.9 %

NYSE VSCO traded up $1.08 during trading on Monday, hitting $28.56. 1,866,621 shares of the company's stock traded hands, compared to its average volume of 2,803,820. The firm has a market cap of $2.24 billion, a P/E ratio of 16.60 and a beta of 2.14. The stock has a fifty day moving average of $24.57 and a two-hundred day moving average of $20.78. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. Victoria's Secret & Co. has a 12-month low of $15.12 and a 12-month high of $30.80.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. Victoria's Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.41 billion. As a group, sell-side analysts expect that Victoria's Secret & Co. will post 1.98 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its position in Victoria's Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock valued at $47,864,000 after buying an additional 1,368,103 shares in the last quarter. Bayberry Capital Partners LP bought a new position in shares of Victoria's Secret & Co. during the first quarter valued at $11,919,000. Marshall Wace LLP raised its position in shares of Victoria's Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company's stock worth $10,924,000 after purchasing an additional 571,295 shares during the last quarter. Lombard Odier Asset Management USA Corp raised its position in shares of Victoria's Secret & Co. by 102.3% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company's stock worth $204,000 after purchasing an additional 511,573 shares during the last quarter. Finally, Natixis boosted its stake in Victoria's Secret & Co. by 1,100,000.0% in the 1st quarter. Natixis now owns 275,025 shares of the company's stock worth $5,330,000 after purchasing an additional 275,000 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

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.