Telsey Advisory Sticks to Their Buy Rating for Victoria’s Secret (VSCO)

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Victoria’s Secret today and set a price target of $71.00.

Memorial Day Sale – Claim 70% Off TipRanks

• Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
• Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter

Telsey covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Tapestry, and Burlington Stores. According to TipRanks, Telsey has an average return of -0.5% and a 40.73% success rate on recommended stocks.

In a report released on May 21, UBS also assigned a Buy rating to the stock with a $81.00 price target.

Based on Victoria’s Secret’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.27 billion and a net profit of $183.63 million. In comparison, last year the company earned a revenue of $2.11 billion and had a net profit of $193.41 million

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VSCO in relation to earlier this year. Last month, Donna James, a Director at VSCO bought 2,175.00 shares for a total of $100,550.25.