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

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VSCO. BMO Capital Markets lifted their price target on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. The Goldman Sachs Group raised their price target on 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. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $29.00 to $45.00 in a research report on Monday, December 9th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $40.00 target price on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. Two research 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 MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Price Performance

The firm has a market cap of $3.36 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.88 and a beta of 2.19. The firm’s fifty day simple moving average is $36.49 and its 200 day simple moving average is $26.45. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.86) EPS. As a group, analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in Victoria’s Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after acquiring an additional 412 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after purchasing an additional 835 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Victoria’s Secret & Co. by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after purchasing an additional 1,000 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $27,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Victoria’s Secret & Co. by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after buying an additional 1,280 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

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.