Short Interest in Victoria’s Secret & Co. (NYSE:VSCO) Decreases By 24.0%

Victoria’s Secret & Co. (NYSE:VSCO) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 8,125,936 shares, a drop of 24.0% from the November 30th total of 10,689,586 shares. Approximately 10.2% of the shares of the company are short sold. Based on an average daily trading volume, of 4,312,676 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 4,312,676 shares, the days-to-cover ratio is currently 1.9 days. Approximately 10.2% of the shares of the company are short sold.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Victoria’s Secret & Co. during the second quarter worth about $200,000. Vestmark Advisory Solutions Inc. boosted its holdings in Victoria’s Secret & Co. by 219.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 55,542 shares of the company’s stock valued at $1,029,000 after purchasing an additional 38,149 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Victoria’s Secret & Co. by 45.9% in the 2nd quarter. Bank of Montreal Can now owns 28,266 shares of the company’s stock valued at $523,000 after buying an additional 8,892 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth approximately $710,000. Finally, State of Alaska Department of Revenue raised its position in shares of Victoria’s Secret & Co. by 9.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 47,585 shares of the company’s stock valued at $880,000 after buying an additional 4,021 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

VSCO traded down $1.34 on Tuesday, reaching $54.71. 1,225,842 shares of the company’s stock were exchanged, compared to its average volume of 3,153,853. Victoria’s Secret & Co. has a twelve month low of $13.76 and a twelve month high of $56.95. The stock has a market cap of $4.39 billion, a PE ratio of 26.69, a P/E/G ratio of 2.32 and a beta of 2.24. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.30 and a quick ratio of 0.38. The stock’s fifty day moving average price is $42.74 and its 200-day moving average price is $30.08.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Friday, December 5th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted ($0.50) EPS. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Guggenheim assumed coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. Wells Fargo & Company set a $45.00 price target on Victoria’s Secret & Co. and gave the stock an “equal weight” rating in a report on Tuesday, December 16th. Wall Street Zen upgraded Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Telsey Advisory Group upgraded Victoria’s Secret & Co. from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $66.00 in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. raised Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $34.00 to $60.00 in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.30.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.