Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down – Should You Sell?

Victoria’s Secret & Co. (NYSE:VSCO) gapped down before the market opened on Wednesday . The stock had previously closed at $22.54, but opened at $22.06. Victoria’s Secret & Co. shares last traded at $21.02, with a volume of 602,855 shares.

Analyst Ratings Changes

VSCO has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company reiterated an “underweight” rating and set a $15.00 target price (up previously from $12.00) on shares of Victoria’s Secret & Co. in a research report on Wednesday, May 14th. Morgan Stanley lowered their price target on shares of Victoria’s Secret & Co. from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on Victoria’s Secret & Co. from $17.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Finally, UBS Group set a $24.00 price target on Victoria’s Secret & Co. and gave the company a “neutral” rating in a research report on Friday, May 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.18.

Victoria’s Secret & Co. Price Performance

The firm has a market capitalization of $1.65 billion, a P/E ratio of 10.86, a PEG ratio of 1.15 and a beta of 2.25. The business’s 50-day simple moving average is $19.33 and its 200 day simple moving average is $29.59. 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 released 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 for the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Sell-side analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Buying and Selling at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the purchase, the insider now directly owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. This represents a 2.10% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 1,503,973 shares of company stock valued at $26,617,312 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently added to or reduced their stakes in VSCO. Picton Mahoney Asset Management lifted its holdings in Victoria’s Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock valued at $322,000 after purchasing an additional 477 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Victoria’s Secret & Co. by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock valued at $340,000 after acquiring an additional 522 shares during the last quarter. Mariner LLC grew its holdings in shares of Victoria’s Secret & Co. by 3.0% in the fourth quarter. Mariner LLC now owns 19,307 shares of the company’s stock worth $800,000 after purchasing an additional 569 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares during the period. Finally, CWM LLC lifted its stake in Victoria’s Secret & Co. by 6.2% in the first quarter. CWM LLC now owns 16,660 shares of the company’s stock worth $310,000 after acquiring an additional 975 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

About Victoria’s Secret & Co.

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.