Victoria’s Secret & Co. (NYSE:VSXY) Given New $120.00 Price Target at Wells Fargo & Company

Victoria’s Secret & Co. (NYSE:VSXY) had its price objective boosted by research analysts at Wells Fargo & Company from $100.00 to $120.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 20.58% from the company’s previous close.

A number of other research analysts have also weighed in on VSXY. BMO Capital Markets assumed coverage on Victoria’s Secret & Co. in a report on Tuesday, September 8th. They set a “market perform” rating and a $80.00 target price on the stock. Morgan Stanley upped their price objective on shares of Victoria’s Secret & Co. from $101.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Wall Street Zen raised shares of Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. JPMorgan Chase & Co. raised their target price on shares of Victoria’s Secret & Co. from $88.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Barclays lifted their target price on shares of Victoria’s Secret & Co. from $106.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Victoria’s Secret & Co. Stock Up 1.0%

VSXY stock traded up $0.97 during mid-day trading on Tuesday, reaching $99.52. The company had a trading volume of 146,029 shares, compared to its average volume of 2,063,214. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 0.64 and a beta of 2.11. Victoria’s Secret & Co. has a 52 week low of $33.61 and a 52 week high of $102.46. The stock has a 50 day simple moving average of $85.74 and a two-hundred day simple moving average of $69.88. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.36 and a quick ratio of 0.57.

Victoria’s Secret & Co. (NYSE:VSXY) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Victoria’s Secret & Co. had a return on equity of 40.43% and a net margin of 5.46%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities analysts predict that Victoria’s Secret & Co. will post 4.75 earnings per share for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In other news, insider Melinda McAfee sold 4,500 shares of Victoria’s Secret & Co. stock in a transaction on Monday, October 5th. The shares were sold at an average price of $91.10, for a total transaction of $409,950.00. Following the transaction, the insider owned 166,317 shares in the company, valued at approximately $15,151,478.70. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.52% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently added to or reduced their stakes in VSXY. Fortitude Family Office LLC boosted its stake in shares of Victoria’s Secret & Co. by 126.7% in the 3rd quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $31,000. Signaturefd LLC raised its position in shares of Victoria’s Secret & Co. by 83.4% during the third quarter. Signaturefd LLC now owns 552 shares of the company’s stock worth $49,000 after purchasing an additional 251 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth $49,000. Finally, Parallel Advisors LLC grew its position in Victoria’s Secret & Co. by 666.7% in the 1st quarter. Parallel Advisors LLC now owns 621 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the period. 90.29% of the stock is currently owned by institutional investors.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a specialty retailer focused on intimate apparel, lingerie, beauty products and related lifestyle merchandise. Its portfolio includes the Victoria’s Secret brand, which offers bras, panties, lingerie, sleepwear, apparel, accessories, fragrances and personal-care products, and PINK, which targets younger customers with lingerie, loungewear, apparel, beauty products and accessories.

The company also operates Adore Me, a digitally focused intimates brand known for a broad range of sizes and subscription-based shopping options.