Victoria’s Secret & Co. (NYSE:VSCO) Trading Down 3.1% – What’s Next?

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price traded down 3.1% on Monday . The company traded as low as $40.57 and last traded at $40.57. 90,953 shares changed hands during trading, a decline of 91% from the average session volume of 1,056,909 shares. The stock had previously closed at $41.86.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Morgan Stanley upped their price target on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and upped their price objective for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 price objective (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research note on Monday, December 9th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $40.00 price objective on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Price Performance

The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. The company has a market cap of $3.14 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.88 and a beta of 2.14. The firm has a 50 day moving average price of $39.22 and a two-hundred day moving average price of $28.06.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.86) EPS. On average, analysts predict that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $27,000. Blue Trust Inc. raised its holdings in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter valued at about $50,000. Quarry LP increased its position in shares of Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares during the last quarter. Hedge funds and other institutional investors 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.