Victoria’s Secret & Co. (NYSE:VSCO) Reaches New 12-Month Low – Here’s Why

Victoria’s Secret & Co. (NYSE:VSCO) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.60 and last traded at $14.81, with a volume of 13681783 shares changing hands. The stock had previously closed at $19.22.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VSCO shares. Morgan Stanley lowered their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. The Goldman Sachs Group dropped their target price on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. UBS Group decreased their price target on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. BMO Capital Markets lowered their price target on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Bank of America cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average price target of $31.73.

Victoria’s Secret & Co. Trading Up 13.2 %

The stock has a market capitalization of $1.32 billion, a P/E ratio of 8.72, a PEG ratio of 1.15 and a beta of 2.26. The stock’s fifty day moving average price is $25.88 and its 200 day moving average price is $31.87. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Research analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insiders Place Their Bets

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 1,503,973 shares of company stock worth $26,617,312 in the last ninety days. 1.10% of the stock is owned by company insiders.

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

Large investors have recently modified their holdings of the business. CoreCap Advisors LLC boosted its stake in shares of Victoria’s Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Victoria’s Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares during the period. Canada Pension Plan Investment Board boosted its position in Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at $112,000. Finally, Pinpoint Asset Management Ltd bought a new position in shares of Victoria’s Secret & Co. in the 4th quarter worth $123,000. Institutional investors own 90.29% of the company’s stock.

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.