Victoria’s Secret & Co. Target of Unusually High Options Trading (NYSE:VSCO)

Victoria’s Secret & Co. (NYSE:VSCO) saw some unusual options trading on Monday. Investors purchased 4,754 call options on the company. This is an increase of 146% compared to the typical daily volume of 1,936 call options.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors and hedge funds have recently modified their holdings of VSCO. Nisa Investment Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 26.6% in the third quarter. Nisa Investment Advisors LLC now owns 14,006 shares of the company’s stock worth $360,000 after purchasing an additional 2,940 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after purchasing an additional 835 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth approximately $907,000. Aigen Investment Management LP purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth approximately $332,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth approximately $360,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VSCO has been the topic of a number of recent analyst reports. Barclays raised Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $51.00 to $53.00 in a research note on Tuesday, January 28th. Bank of America dropped their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. Jefferies Financial Group boosted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group dropped their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday, January 30th. Finally, Morgan Stanley dropped their price objective on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average target price of $41.18.

Victoria’s Secret & Co. Stock Down 10.2 %

VSCO stock opened at $24.01 on Tuesday. The stock’s 50 day simple moving average is $35.40 and its 200 day simple moving average is $32.64. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a market cap of $1.89 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share 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 the consensus estimate 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.86) EPS. On average, research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.