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

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Bank of America raised their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and boosted their price target for the company from $18.00 to $47.00 in a report on Tuesday, December 10th. The Goldman Sachs Group raised their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Finally, Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Two 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.73.

Victoria’s Secret & Co. Stock Performance

The company has a market cap of $3.36 billion, a PE ratio of 22.15, a PEG 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’s 50 day moving average is $36.49 and its 200-day moving average is $26.45.

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, beating the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned ($0.86) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts anticipate that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently made changes to their positions in VSCO. FMR LLC grew its position in Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares during the period. AQR Capital Management LLC grew its holdings in shares of Victoria’s Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after purchasing an additional 1,368,103 shares during the period. Victory Capital Management Inc. increased its position in shares of Victoria’s Secret & Co. by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after purchasing an additional 258,059 shares during the last quarter. Geode Capital Management LLC raised its holdings in Victoria’s Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after buying an additional 24,967 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Victoria’s Secret & Co. by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after buying an additional 76,858 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.