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

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Telsey Advisory Group decreased their price objective on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating for the company in a research report on Thursday, January 30th. Jefferies Financial Group increased their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group lowered their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of 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 note on Monday, December 9th. Finally, Wells Fargo & Company decreased their target price on shares of Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $42.36.

Victoria’s Secret & Co. Price Performance

The firm has a market cap of $2.30 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.22 and a beta of 2.11. The stock’s 50-day moving average is $38.18 and its 200-day moving average is $32.10. 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 posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The company 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%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.86) EPS. As a group, equities analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

A number of hedge funds have recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after buying an additional 1,682 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Victoria’s Secret & Co. by 47.1% during the 4th 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. Institutional investors own 90.29% of the company’s stock.

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.