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

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) had its target price dropped by Wells Fargo & Company from $40.00 to $25.00 in a research report issued on Thursday, Marketbeat reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 48.93% from the company's previous close.

A number of other brokerages have also recently issued reports on VSCO. Jefferies Financial Group lifted their target price on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. UBS Group reduced their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Morgan Stanley dropped their price target on 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. BMO Capital Markets upped their price objective on Victoria's Secret & Co. from $33.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Bank of America cut their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and a consensus price target of $31.73.

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Victoria's Secret & Co. Price Performance

NYSE VSCO traded down $2.26 during mid-day trading on Thursday, hitting $16.79. The stock had a trading volume of 7,869,196 shares, compared to its average volume of 2,710,586. Victoria's Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 1.15 and a beta of 2.16. The company has a 50 day simple moving average of $33.75 and a 200 day simple moving average of $32.56. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

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

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

A number of large investors have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new position in Victoria's Secret & Co. in the third quarter valued at approximately $27,000. CoreCap Advisors LLC increased its position in shares of Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after acquiring an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after acquiring an additional 1,682 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Victoria's Secret & Co. during the 4th quarter worth $112,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.