Victoria’s Secret & Co. (NYSE:VSCO) Stock Price Up 4.2% – What’s Next?

Victoria’s Secret & Co. (NYSE:VSCO) shares shot up 4.2% on Thursday . The company traded as high as $22.60 and last traded at $22.59. 1,131,210 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 2,678,988 shares. The stock had previously closed at $21.68.

Analyst Ratings Changes

A number of analysts recently issued reports on VSCO shares. Bank of America dropped their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. UBS Group dropped their target price on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. cut their price objective on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Finally, Telsey Advisory Group lowered their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.73.

Victoria’s Secret & Co. Stock Down 3.4 %

The company has a market cap of $1.65 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The stock has a 50-day simple moving average of $29.57 and a 200-day simple moving average of $32.11. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the completion of the purchase, the insider now directly owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VSCO. Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth $27,000. CoreCap Advisors LLC boosted its position in shares of 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 purchasing an additional 1,955 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Victoria’s Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Victoria’s Secret & Co. during the 4th quarter worth approximately $112,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

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.