Victoria’s Secret & Co. (NYSE:VSCO) Short Interest Update

Victoria’s Secret & Co. (NYSE:VSCO) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,250,000 shares, a drop of 18.2% from the November 30th total of 7,640,000 shares. Based on an average daily trading volume, of 2,120,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 8.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Castellan Group acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at approximately $6,218,000. Sanctuary Advisors LLC increased its stake in shares of Victoria’s Secret & Co. by 3.3% in the third quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock worth $1,314,000 after buying an additional 1,617 shares during the last quarter. Geode Capital Management LLC raised its holdings in Victoria’s Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after acquiring an additional 24,967 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $768,000. Finally, XTX Topco Ltd bought a new position in Victoria’s Secret & Co. during the 3rd quarter valued at $412,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 0.9 %

Shares of NYSE VSCO traded down $0.37 during trading on Monday, reaching $41.89. 1,614,226 shares of the stock were exchanged, compared to its average volume of 2,667,697. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The business’s 50-day moving average price is $37.96 and its 200 day moving average price is $27.26. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.86) EPS. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VSCO. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. TD Cowen raised their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Morgan Stanley lifted their price target on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Two investment 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 company currently has a consensus rating of “Hold” and an average price target of $36.73.

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.