Victoria’s Secret & Co. (NYSE:VSCO) Trading Down 4% – What’s Next?

Victoria’s Secret & Co. (NYSE:VSCO) was down 4% on Monday . The company traded as low as $43.09 and last traded at $43.14. Approximately 224,713 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 2,681,029 shares. The stock had previously closed at $44.96.

Wall Street Analyst Weigh In

VSCO has been the topic of a number of recent analyst reports. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their target price for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their target price for the company from $29.00 to $45.00 in a research note on Monday, December 9th. Morgan Stanley lifted their price target on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Jefferies Financial Group boosted their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Bank of America increased their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Price Performance

The stock has a market cap of $3.27 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. 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 firm has a 50-day moving average price of $37.11 and a 200-day moving average price of $26.75.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted ($0.86) earnings per share. On average, analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in VSCO. FMR LLC grew its stake in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth $40,861,000. AQR Capital Management LLC increased its holdings in shares of Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after acquiring an additional 1,368,103 shares in the last quarter. Marshall Wace LLP raised its position in shares of Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp grew its position in Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after purchasing an additional 511,573 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.