Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down to $17.56

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $17.56, but opened at $16.57. Victoria’s Secret & Co. shares last traded at $16.97, with a volume of 600,808 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on VSCO shares. The Goldman Sachs Group started coverage on shares of Victoria’s Secret & Co. in a research note on Thursday. They set a “sell” rating and a $14.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Telsey Advisory Group dropped their target price on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.00 price objective (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Finally, BMO Capital Markets cut their target price on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.27.

Victoria’s Secret & Co. Stock Up 2.6 %

The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. The firm has a market capitalization of $1.35 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.08 and a beta of 2.07. The stock has a fifty day moving average price of $20.93 and a two-hundred day moving average price of $22.56.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Research analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

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

Several institutional investors and hedge funds have recently bought and sold shares of VSCO. CWM LLC grew its holdings in shares of Victoria’s Secret & Co. by 126.8% during the third quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 914 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Victoria’s Secret & Co. in the third quarter worth $1,371,000. Handelsbanken Fonder AB acquired a new stake in Victoria’s Secret & Co. in the third quarter worth $369,000. Peregrine Capital Management LLC lifted its stake in Victoria’s Secret & Co. by 42.7% in the third quarter. Peregrine Capital Management LLC now owns 428,493 shares of the company’s stock valued at $7,147,000 after buying an additional 128,305 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Victoria’s Secret & Co. during the third quarter valued at $74,000. Institutional investors and hedge funds 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.