Victoria’s Secret & Co. (NYSE:VSCO) Stock Price Down 3.1% – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VSCO. Wells Fargo & Company reaffirmed an “equal weight” rating and issued 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. Morgan Stanley lifted their target price on 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. TD Cowen upped their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price objective on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average target price of $36.73.

Victoria’s Secret & Co. Stock Performance

The stock has a market capitalization of $3.03 billion, a P/E ratio of 19.94, a PEG ratio of 2.88 and a beta of 2.14. The stock’s 50-day simple moving average is $39.63 and its 200 day simple moving average is $28.37. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned ($0.86) EPS. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts expect that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

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

Large investors have recently bought and sold shares of the company. Forest Avenue Capital Management LP acquired a new position in Victoria’s Secret & Co. during the third quarter worth about $40,861,000. Dark Forest Capital Management LP bought a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter valued at approximately $589,000. Aristeia Capital L.L.C. acquired a new position in Victoria’s Secret & Co. during the 2nd quarter worth approximately $1,171,000. Oliver Luxxe Assets LLC bought a new position in Victoria’s Secret & Co. in the 4th quarter valued at approximately $1,963,000. Finally, MetLife Investment Management LLC boosted its position in Victoria’s Secret & Co. by 129.1% in the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock valued at $1,173,000 after buying an additional 25,723 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.