Wells Fargo & Company Cuts Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $14.00

Victoria’s Secret & Co. (NYSE:VSCO) had its price objective decreased by Wells Fargo & Company from $15.00 to $14.00 in a report issued on Monday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. raised their price objective on Victoria’s Secret & Co. from $22.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Morgan Stanley reiterated a “positive” rating on shares of Victoria’s Secret & Co. in a report on Thursday, June 12th. Bank of America decreased their target price on Victoria’s Secret & Co. from $20.00 to $18.00 and set an “underperform” rating for the company in a research note on Thursday, June 12th. Finally, Barclays reaffirmed an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.00.

Victoria’s Secret & Co. Trading Up 3.9%

NYSE VSCO opened at $20.49 on Monday. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The stock has a 50-day simple moving average of $19.88 and a 200 day simple moving average of $22.47. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $1.64 billion, a PE ratio of 10.24, a P/E/G ratio of 1.08 and a beta of 2.17.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Victoria’s Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. Research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Victoria’s Secret & Co. by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company’s stock valued at $166,599,000 after purchasing an additional 38,695 shares during the period. FMR LLC lifted its holdings in shares of Victoria’s Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after buying an additional 1,231,090 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Victoria’s Secret & Co. by 8.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock valued at $84,309,000 after acquiring an additional 156,979 shares during the period. Marshall Wace LLP boosted its position in shares of Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after acquiring an additional 1,620,256 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Victoria’s Secret & Co. by 18.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,868,817 shares of the company’s stock valued at $34,723,000 after acquiring an additional 288,629 shares in the last quarter. Institutional investors and hedge funds 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.