Victoria’s Secret & Co. (NYSE:VSCO) Trading Down 2.9%

Victoria’s Secret & Co. (NYSE:VSCO)’s share price was down 2.9% during trading on Wednesday . The stock traded as low as $23.59 and last traded at $23.65. Approximately 1,130,403 shares changed hands during trading, a decline of 61% from the average daily volume of 2,863,536 shares. The stock had previously closed at $24.35.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VSCO. Morgan Stanley upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 14th. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, August 15th. JPMorgan Chase & Co. increased their target price on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, May 17th. Bank of America lifted their target price on Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, August 15th. Finally, Barclays upped their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, August 15th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.80.

Victoria’s Secret & Co. Stock Up 0.9 %

The firm’s 50 day simple moving average is $18.81 and its 200-day simple moving average is $20.51. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.35 and a beta of 2.08.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $0.28 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts expect that Victoria’s Secret & Co. will post 1.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth about $41,000. Harvest Fund Management Co. Ltd bought a new position in Victoria’s Secret & Co. in the 4th quarter valued at approximately $58,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. in the second quarter valued at approximately $50,000. Frazier Financial Advisors LLC bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth $76,000. Finally, Quarry LP increased its holdings in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after buying an additional 1,764 shares in 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.