Wells Fargo & Company Cuts Victoria's Secret & Co. (NYSE:VSCO) Price Target to $40.00

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its price target trimmed by Wells Fargo & Company from $45.00 to $40.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on VSCO. The Goldman Sachs Group dropped their price objective on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set a "sell" rating on the stock in a report on Thursday. TD Cowen raised their price objective on Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Bank of America decreased their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a report on Thursday. Telsey Advisory Group cut their target price on Victoria's Secret & Co. from $50.00 to $40.00 and set a "market perform" rating on the stock in a report on Thursday. Finally, BMO Capital Markets boosted their price target on shares of Victoria's Secret & Co. from $33.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $42.36.

Victoria's Secret & Co. Trading Down 4.0 %

Shares of NYSE:VSCO traded down $1.44 during midday trading on Thursday, reaching $34.92. The company's stock had a trading volume of 1,775,541 shares, compared to its average volume of 1,958,292. Victoria's Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a 50 day moving average price of $40.60 and a two-hundred day moving average price of $30.95. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.70 and a beta of 2.11.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.29 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.86) EPS. As a group, analysts forecast that Victoria's Secret & Co. will post 2.36 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Victoria's Secret & Co. in the fourth quarter valued at approximately $252,000. Tandem Investment Advisors Inc. purchased a new stake in Victoria's Secret & Co. in the 4th quarter worth about $229,000. Ieq Capital LLC bought a new position in Victoria's Secret & Co. during the fourth quarter worth about $709,000. New York State Common Retirement Fund raised its position in shares of Victoria's Secret & Co. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock valued at $1,097,000 after purchasing an additional 1,117 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in Victoria's Secret & Co. in the 4th quarter valued at approximately $311,000. Institutional investors own 90.29% of the company's stock.

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.