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

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report)’s stock price was down 3.1% during trading on Monday . The stock traded as low as $40.57 and last traded at $40.57. Approximately 90,953 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,056,909 shares. The stock had previously closed at $41.86.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their target price for the company from $29.00 to $45.00 in a research report on Monday, December 9th. UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price target for the company from $18.00 to $47.00 in a research report on Tuesday, December 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. BMO Capital Markets increased their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley increased their price target on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average price target of $36.73.

Get Our Latest Research Report on Victoria’s Secret & Co.

Victoria’s Secret & Co. Stock Performance

The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.88 and a beta of 2.14. The stock has a 50 day moving average of $39.22 and a 200 day moving average of $28.06. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted ($0.86) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Forest Avenue Capital Management LP acquired a new position in Victoria’s Secret & Co. in the third quarter valued at approximately $40,861,000. Dark Forest Capital Management LP acquired a new position in Victoria’s Secret & Co. in the second quarter valued at approximately $589,000. Aristeia Capital L.L.C. acquired a new position in Victoria’s Secret & Co. in the second quarter valued at approximately $1,171,000. MetLife Investment Management LLC raised its position in shares of Victoria’s Secret & Co. by 129.1% during the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after purchasing an additional 25,723 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Victoria’s Secret & Co. during the second quarter worth approximately $408,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Company Profile

(Get Free Report)

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.

Further Reading

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