Victoria’s Secret & Co. (NYSE:VSCO) Trading Down 4.5% – Here’s Why

Victoria’s Secret & Co. (NYSE:VSCO) shares fell 4.5% on Monday . The company traded as low as $46.35 and last traded at $46.50. 392,245 shares changed hands during trading, a decline of 85% from the average session volume of 2,700,008 shares. The stock had previously closed at $48.71.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VSCO shares. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Telsey Advisory Group reissued a “market perform” rating and set a $40.00 target price on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Finally, TD Cowen raised their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Price Performance

The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. The stock’s 50 day simple moving average is $35.77 and its 200-day simple moving average is $26.14. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business posted ($0.86) earnings per share. Equities research analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Castellan Group purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter valued at approximately $6,218,000. Sanctuary Advisors LLC increased its holdings in Victoria’s Secret & Co. by 3.3% in the third quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock valued at $1,314,000 after buying an additional 1,617 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Victoria’s Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after acquiring an additional 24,967 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $768,000. Finally, XTX Topco Ltd acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at about $412,000. 90.29% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

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.