Victoria’s Secret & Co. (NYSE:VSCO) Shares Up 3.9%

Shares of Victoria’s Secret & Co. (NYSE:VSCO) traded up 3.9% during mid-day trading on Monday . The stock traded as high as $24.39 and last traded at $24.31. 169,071 shares changed hands during trading, a decline of 94% from the average session volume of 2,846,715 shares. The stock had previously closed at $23.40.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VSCO. The Goldman Sachs Group increased their target price on shares of Victoria’s Secret & Co. from $15.00 to $17.00 and gave the stock a “sell” rating in a report on Thursday, August 15th. Telsey Advisory Group reissued a “market perform” rating and set a $24.00 price target on shares of Victoria’s Secret & Co. in a report on Thursday, August 15th. Bank of America increased their price objective on shares of Victoria’s Secret & Co. from $15.00 to $18.00 and gave the stock an “underperform” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Barclays raised their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, August 15th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.80.

Victoria’s Secret & Co. Trading Up 3.2 %

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 firm has a 50-day moving average price of $18.92 and a 200-day moving average price of $20.41. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.25 and a beta of 2.08.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $0.28 earnings per share. Victoria’s Secret & Co.’s revenue was down 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 1.97 EPS for the current year.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth $50,000. Quarry LP raised its position 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 purchasing an additional 1,764 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at $76,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Victoria’s Secret & Co. by 24.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after purchasing an additional 790 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

About Victoria’s Secret & Co.

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.