Victoria’s Secret & Co. (NYSE:VSCO) Upgraded to “Equal Weight” at Barclays

Victoria’s Secret & Co. (NYSE:VSCO) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm currently has a $25.00 target price on the stock, up from their previous target price of $23.00. Barclays‘s price target would suggest a potential upside of 3.01% from the stock’s current price.

A number of other equities research analysts have also issued reports on VSCO. Bank of America upped their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Morgan Stanley upped their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. The Goldman Sachs Group upped their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. BMO Capital Markets upped their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company upped their price objective on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $23.60.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $24.27 on Wednesday. Victoria’s Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 18.67 and a beta of 2.13. The company has a fifty day simple moving average of $20.90 and a 200-day simple moving average of $19.72. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds have recently made changes to their positions in VSCO. Russell Investments Group Ltd. raised its stake in shares of Victoria’s Secret & Co. by 36.8% in the fourth quarter. Russell Investments Group Ltd. now owns 14,409 shares of the company’s stock valued at $382,000 after acquiring an additional 3,879 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Victoria’s Secret & Co. by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock valued at $31,650,000 after acquiring an additional 188,384 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Victoria’s Secret & Co. by 24.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after buying an additional 790 shares during the last quarter. Norges Bank purchased a new position in Victoria’s Secret & Co. in the fourth quarter valued at $8,986,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Victoria’s Secret & Co. in the fourth quarter valued at $306,000. 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 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.