Victoria’s Secret & Co. (NYSE:VSCO) Trading Up 4.8%

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price shot up 4.8% during trading on Tuesday . The company traded as high as $18.95 and last traded at $18.92. 156,394 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 2,897,479 shares. The stock had previously closed at $18.05.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $20.00 price target on shares of Victoria’s Secret & Co. in a research report on Thursday, June 6th. Barclays lifted their price objective on shares of Victoria’s Secret & Co. from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Friday, June 7th. Morgan Stanley lowered shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Monday, May 6th. 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 note on Friday, May 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. in a research report on Thursday, April 25th. They issued a “sell” rating and a $14.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

Victoria’s Secret & Co. Trading Up 4.6 %

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 company has a market capitalization of $1.48 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 1.17 and a beta of 2.08. The company has a fifty day simple moving average of $19.38 and a two-hundred day simple moving average of $21.51.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bayberry Capital Partners LP acquired a new stake in Victoria’s Secret & Co. during the first quarter worth $11,919,000. Norges Bank acquired a new stake in Victoria’s Secret & Co. during the fourth quarter valued at approximately $8,986,000. 12 West Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the 1st quarter worth approximately $5,330,000. Natixis boosted its stake in Victoria’s Secret & Co. by 1,100,000.0% in the 1st quarter. Natixis now owns 275,025 shares of the company’s stock valued at $5,330,000 after buying an additional 275,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Victoria’s Secret & Co. by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock valued at $31,650,000 after acquiring an additional 188,384 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.