Victoria’s Secret & Co. (NYSE:VSCO) Stock Price Down 3.1% – What’s Next?

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $45.00 price target (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research note on Monday, December 9th. BMO Capital Markets increased their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $40.00 price objective on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group boosted their price target on shares of 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. Stock Performance

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

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. The company had revenue of $1.35 billion for 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%. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned ($0.86) EPS. As a group, equities analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VSCO. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth approximately $40,861,000. Dark Forest Capital Management LP purchased a new stake in Victoria’s Secret & Co. during the 2nd quarter worth about $589,000. Aristeia Capital L.L.C. bought a new position in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $1,171,000. Oliver Luxxe Assets LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth $1,963,000. Finally, MetLife Investment Management LLC increased its stake in Victoria’s Secret & Co. by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after acquiring an additional 25,723 shares during the last quarter. 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 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.