Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price shot up 4% during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $30.00 to $33.00. Wells Fargo & Company currently has an overweight rating on the stock. Victoria's Secret & Co. traded as high as $28.73 and last traded at $28.58. 815,985 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 2,798,643 shares. The stock had previously closed at $27.48.
A number of other brokerages have also recently issued reports on VSCO. BMO Capital Markets boosted their price objective on Victoria's Secret & Co. from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday. Bank of America increased their price objective on Victoria's Secret & Co. from $18.00 to $21.00 and gave the stock an "underperform" rating in a research report on Friday, August 30th. The Goldman Sachs Group boosted their target price on shares of 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. TD Cowen raised their price target on shares of Victoria's Secret & Co. from $20.00 to $26.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $27.00 price objective on shares of Victoria's Secret & Co. in a report on Thursday. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $24.30.
Get Our Latest Stock Analysis on Victoria's Secret & Co.
Hedge Funds Weigh In On Victoria's Secret & Co.
Several hedge funds and other institutional investors have recently modified their holdings of VSCO. AQR Capital Management LLC grew its holdings in shares of 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 purchasing an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Victoria's Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company's stock worth $32,834,000 after buying an additional 258,059 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Victoria's Secret & Co. by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company's stock worth $16,206,000 after buying an additional 109,013 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Victoria's Secret & Co. by 16.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company's stock valued at $11,529,000 after acquiring an additional 91,712 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Victoria's Secret & Co. by 1,218.1% during the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company's stock valued at $10,924,000 after acquiring an additional 571,295 shares in the last quarter. Institutional investors own 90.29% of the company's stock.
Victoria's Secret & Co. Stock Performance
The company 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 quick ratio of 0.31 and a current ratio of 1.00. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 16.60 and a beta of 2.14.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.41 billion. Victoria's Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Equities research analysts anticipate that Victoria's Secret & Co. will post 1.98 EPS for the current year.
About Victoria's Secret & Co.
(
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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.
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