Victoria’s Secret & Co. (NYSE:VSCO) Trading Down 4.8% – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSCO) shares traded down 4.8% on Tuesday . The stock traded as low as $31.19 and last traded at $31.26. 351,120 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,803,079 shares. The stock had previously closed at $32.83.

Analyst Upgrades and Downgrades

VSCO has been the topic of a number of research reports. TD Cowen upped their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Bank of America reduced their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. BMO Capital Markets lifted their target price 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 cut their price target on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.36.

Victoria’s Secret & Co. Stock Performance

The stock has a market cap of $2.45 billion, a P/E ratio of 16.18, a PEG ratio of 1.31 and a beta of 2.11. The stock has a fifty day simple moving average of $38.53 and a 200-day simple moving average of $32.12. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company posted ($0.86) EPS. Equities analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Forest Avenue Capital Management LP bought a new position in Victoria’s Secret & Co. during the third quarter worth about $40,861,000. Oliver Luxxe Assets LLC acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth about $1,963,000. MetLife Investment Management LLC lifted its holdings in shares of Victoria’s Secret & Co. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock valued at $1,173,000 after purchasing an additional 25,723 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Victoria’s Secret & Co. during the 3rd quarter valued at about $412,000. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $2,435,000. Institutional investors and hedge funds 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.