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Wells Fargo Keeps Their Buy Rating on Victoria’s Secret (VSCO)

In a report issued on February 1, Ike Boruchow from Wells Fargo maintained a Buy rating on Victoria’s Secret (VSCOResearch Report), with a price target of $85.00. The company’s shares closed last Monday at $59.24.

According to TipRanks.com, Boruchow is a 3-star analyst with an average return of 2.8% and a 45.5% success rate. Boruchow covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Canada Goose Holdings, and Lululemon Athletica.

Victoria’s Secret has an analyst consensus of Strong Buy, with a price target consensus of $76.25, which is a 31.2% upside from current levels. In a report issued on February 3, Barclays also maintained a Buy rating on the stock with a $75.00 price target.

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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 $1.44 billion and net profit of $75 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $143 million.

Based on the recent corporate insider activity of 17 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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