Telsey Advisory Group Increases Victoria’s Secret & Co. (NYSE:VSCO) Price Target to $45.00

Victoria’s Secret & Co. (NYSE:VSCO) had its target price lifted by equities research analysts at Telsey Advisory Group from $29.00 to $45.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 5.91% from the stock’s current price.

Several other research analysts have also recently issued reports on VSCO. Morgan Stanley reaffirmed a “reduce” rating on shares of Victoria’s Secret & Co. in a report on Friday, September 12th. UBS Group restated a “buy” rating on shares of Victoria’s Secret & Co. in a report on Monday, November 24th. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $14.00 to $17.00 and gave the company an “underweight” rating in a research note on Friday, August 29th. Barclays restated an “overweight” rating and issued a $47.00 price target on shares of Victoria’s Secret & Co. in a research note on Monday. Finally, Bank of America upped their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 29th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.18.

Victoria’s Secret & Co. Price Performance

VSCO opened at $42.49 on Tuesday. The stock has a 50-day moving average price of $33.58 and a 200-day moving average price of $25.82. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.36. The firm has a market cap of $3.41 billion, a PE ratio of 23.60 and a beta of 2.24. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Victoria’s Secret & Co. during the second quarter valued at $200,000. Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Victoria’s Secret & Co. by 163.0% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company’s stock valued at $26,140,000 after purchasing an additional 871,968 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of Victoria’s Secret & Co. by 219.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 55,542 shares of the company’s stock valued at $1,029,000 after purchasing an additional 38,149 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Victoria’s Secret & Co. by 0.4% during the first 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 in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Victoria’s Secret & Co. by 13.6% in the first quarter. Invesco Ltd. now owns 715,836 shares of the company’s stock worth $13,300,000 after purchasing an additional 85,874 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.