Barclays Remains a Buy on Victoria’s Secret (VSCO)

Barclays analyst Adrienne Yih maintained a Buy rating on Victoria’s Secret (VSCOResearch Report) on February 2 and set a price target of $51.00. The company’s shares closed yesterday at $45.75.

According to TipRanks, Yih is a 5-star analyst with an average return of 8.6% and a 54.38% success rate. Yih covers the Consumer Goods sector, focusing on stocks such as Victoria’s Secret, Ross Stores, and RH.

In addition to Barclays, Victoria’s Secret also received a Buy from Bank of America Securities’s Lorraine Hutchinson in a report issued on January 31. However, on February 2, Morgan Stanley maintained a Hold rating on Victoria’s Secret (NYSE: VSCO).

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Based on Victoria’s Secret’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.32 billion and a net profit of $24 million. In comparison, last year the company earned a revenue of $1.44 billion and had a net profit of $75 million

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VSCO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Victoria’s Secret & Co is a specialty retailer of lingerie, pajamas, and beauty products with prestige fragrances and body care. It serves customers at its Lingerie and Beauty stores around the globe and online enabling them to shop the brand anywhere and anytime.

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