Victoria’s Secret & Co. (NYSE:VSCO) Stock Price Up 3.3% – Here’s What Happened

Shares of Victoria’s Secret & Co. (NYSE:VSCO) shot up 3.3% on Thursday . The stock traded as high as $25.42 and last traded at $25.41. 198,146 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 2,819,350 shares. The stock had previously closed at $24.59.

Analysts Set New Price Targets

Several brokerages have commented on VSCO. Bank of America raised their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. TD Cowen boosted their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. BMO Capital Markets boosted their price target on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group raised their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.60.

Victoria’s Secret & Co. Trading Up 3.8 %

The stock has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $20.37. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The firm has a market cap of $2.04 billion, a P/E ratio of 20.04 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the stock. Profit Investment Management LLC bought a new position in shares of Victoria’s Secret & Co. during the 3rd quarter valued at $1,523,000. GAMMA Investing LLC increased its position in Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Victoria’s Secret & Co. by 34.2% in the third quarter. Handelsbanken Fonder AB now owns 24,742 shares of the company’s stock valued at $636,000 after acquiring an additional 6,300 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. in the second quarter valued at about $50,000. Finally, Sanctuary Advisors LLC purchased a new position in Victoria’s Secret & Co. in the second quarter worth about $863,000. Institutional investors 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.