Victoria’s Secret & Co. (NYSE:VSCO – Free Report) had its target price reduced by Wells Fargo & Company from $45.00 to $40.00 in a research report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.
A number of other equities analysts also recently weighed in on the stock. Barclays raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $51.00 to $53.00 in a report on Tuesday. TD Cowen boosted their target price on shares of 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. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. 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 note on Friday, December 6th. Finally, UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their target price for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.36.
Check Out Our Latest Stock Analysis on VSCO
Victoria’s Secret & Co. Stock Up 1.9 %
Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.86) earnings per share. Research analysts predict that Victoria’s Secret & Co. will post 2.34 EPS for the current fiscal year.
Institutional Trading of Victoria’s Secret & Co.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $27,000. Blue Trust Inc. grew its stake in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. during the second quarter valued at approximately $50,000. Quarry LP increased its holdings in Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 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 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.
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