Wells Fargo & Company Reiterates Equal Weight Rating for Victoria's Secret & Co. (NYSE:VSCO)

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock had its "equal weight" rating restated by equities researchers at Wells Fargo & Company in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a $45.00 price objective on the stock, up from their prior price objective of $33.00. Wells Fargo & Company's price target suggests a potential downside of 4.65% from the company's current price.

A number of other brokerages have also issued reports on VSCO. Morgan Stanley increased their target price on shares of Victoria's Secret & Co. from $23.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday. Jefferies Financial Group raised their price objective on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Bank of America upped their target price 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. Telsey Advisory Group reiterated a "market perform" rating and set a $40.00 price target on shares of Victoria's Secret & Co. in a research report on Friday. Finally, BMO Capital Markets boosted their price objective on Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $34.09.

Victoria's Secret & Co. Stock Performance

Shares of VSCO traded down $0.83 during mid-day trading on Monday, reaching $47.20. 3,534,916 shares of the company's stock traded hands, compared to its average volume of 2,722,752. 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 business's 50-day moving average price is $32.31 and its 200-day moving average price is $24.75. The stock has a market capitalization of $3.71 billion, a P/E ratio of 24.63 and a beta of 2.19. Victoria's Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.70.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.62) by $0.12. Victoria's Secret & Co. had a return on equity of 44.59% and a net margin of 2.47%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned ($0.86) EPS. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts predict that Victoria's Secret & Co. will post 2.01 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Victoria's Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after acquiring an additional 1,636,602 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Victoria's Secret & Co. by 102.0% in the second 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Victoria's Secret & Co. by 16.1% in 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 period. Geode Capital Management LLC grew its holdings in shares of Victoria's Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after buying an additional 24,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Victoria's Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock valued at $41,338,000 after buying an additional 76,858 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Company Profile

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.