Victoria’s Secret & Co. (NYSE:VSCO) Trading Up 1.6%

Victoria’s Secret & Co. (NYSE:VSCO) shares were up 1.6% during mid-day trading on Monday . The stock traded as high as $16.49 and last traded at $16.43. Approximately 563,456 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 2,799,298 shares. The stock had previously closed at $16.17.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays raised their target price on shares of Victoria’s Secret & Co. from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, June 7th. Morgan Stanley lowered Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $19.00 to $15.00 in a report on Monday, May 6th. JPMorgan Chase & Co. boosted their target price on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $20.00 price target on shares of Victoria’s Secret & Co. in a report on Thursday, June 6th. Finally, The Goldman Sachs Group started coverage on Victoria’s Secret & Co. in a research report on Thursday, April 25th. They issued a “sell” rating and a $14.00 price objective for the company. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.50.

Victoria’s Secret & Co. Price Performance

The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. The firm has a market capitalization of $1.32 billion, a PE ratio of 12.27, a P/E/G ratio of 1.00 and a beta of 2.08. The company has a 50-day moving average price of $18.66 and a 200-day moving average price of $20.85.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. Sell-side analysts forecast that Victoria’s Secret & Co. will post 1.72 EPS for the current year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently modified their holdings of VSCO. Bayberry Capital Partners LP purchased a new stake in shares of Victoria’s Secret & Co. in the 1st quarter valued at approximately $11,919,000. Norges Bank bought a new stake in Victoria’s Secret & Co. during the fourth quarter valued at about $8,986,000. 12 West Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the 1st quarter valued at $5,330,000. Natixis grew its position in Victoria’s Secret & Co. by 1,100,000.0% in the first quarter. Natixis now owns 275,025 shares of the company’s stock valued at $5,330,000 after acquiring an additional 275,000 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Victoria’s Secret & Co. by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after acquiring an additional 258,059 shares during the last quarter. 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 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.