Victoria’s Secret & Co. (NYSE:VSCO) Sees Large Volume Increase – Still a Buy?

Shares of Victoria’s Secret & Co. (NYSE:VSCO) saw unusually-strong trading volume on Friday . Approximately 2,657,601 shares traded hands during trading, an increase of 10% from the previous session’s volume of 2,405,352 shares.The stock last traded at $18.95 and had previously closed at $20.38.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VSCO shares. Wells Fargo & Company decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday. The Goldman Sachs Group decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a report on Thursday, January 30th. UBS Group reduced their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. TD Cowen boosted their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Telsey Advisory Group reduced their price target on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.18.

Victoria’s Secret & Co. Stock Performance

The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock has a market cap of $1.50 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The firm’s 50 day moving average is $33.75 and its 200 day moving average is $32.50.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Victoria’s Secret & Co. by 33.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock worth $6,435,000 after purchasing an additional 38,820 shares during the last quarter. Tremblant Capital Group grew its position in Victoria’s Secret & Co. by 137.1% during the 4th quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock worth $22,787,000 after purchasing an additional 318,080 shares during the last quarter. State of Wyoming grew its position in Victoria’s Secret & Co. by 173.2% during the 4th quarter. State of Wyoming now owns 6,245 shares of the company’s stock worth $259,000 after purchasing an additional 3,959 shares during the last quarter. Finally, Shellback Capital LP purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $3,728,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.