Wells Fargo & Company Issues Pessimistic Forecast for Victoria's Secret & Co. (NYSE:VSCO) Stock Price

Key Points

• Wells Fargo & Company has lowered its price target for Victoria's Secret & Co. from $15.00 to $14.00, indicating a potential downside of 29.26% from the current stock price, and has given it an "underweight" rating.
• Despite Wells Fargo's pessimism, other analysts like Telsey Advisory Group and JPMorgan Chase & Co. maintain more optimistic price targets of $24.00 and $27.00, respectively, reflecting a mixed outlook on the stock.
• Victoria's Secret & Co. recently reported earnings of $0.09 per share, meeting expectations, but its quarterly revenue showed a slight decline of 0.5% year-over-year.

Victoria's Secret & Co. (NYSE:VSCO - Free Report) had its target price cut by Wells Fargo & Company from $15.00 to $14.00 in a research note released on Monday,Benzinga reports. They currently have an underweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group dropped their price target on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Bank of America dropped their price target on Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Thursday, June 12th. JPMorgan Chase & Co. lifted their price target 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. The Goldman Sachs Group reaffirmed a "sell" rating and set a $15.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. Finally, Barclays reaffirmed an "overweight" rating and set a $23.00 target price (up previously from $22.00) on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $25.00.

Victoria's Secret & Co. Price Performance

Victoria's Secret & Co. stock traded down $0.56 during midday trading on Monday, hitting $21.12. The company's stock had a trading volume of 1,861,640 shares, compared to its average volume of 3,187,605. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. The stock's 50-day moving average price is $19.90 and its 200-day moving average price is $22.24. Victoria's Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The company has a market capitalization of $1.69 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.18 and a beta of 2.17.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. Victoria's Secret & Co.'s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. Analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Victoria's Secret & Co.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings 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 worth $166,599,000 after purchasing an additional 38,695 shares during the last quarter. FMR LLC lifted its holdings in Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Victoria's Secret & Co. by 8.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock worth $84,309,000 after purchasing an additional 156,979 shares during the last quarter. Marshall Wace LLP lifted its holdings in Victoria's Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Victoria's Secret & Co. by 18.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,868,817 shares of the company's stock worth $34,723,000 after purchasing an additional 288,629 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.