Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down to $44.44

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) shares gapped down before the market opened on Wednesday . The stock had previously closed at $44.44, but opened at $42.63. Victoria’s Secret & Co. shares last traded at $42.26, with a volume of 1,656 shares trading hands.

Analyst Upgrades and Downgrades

VSCO has been the topic of a number of research reports. UBS Group boosted their price objective on Victoria’s Secret & Co. to $43.00 in a research report on Wednesday. Cowen initiated coverage on Victoria’s Secret & Co. in a research note on Monday, August 1st. They issued a “market perform” rating and a $40.00 price target on the stock. Barclays decreased their price target on Victoria’s Secret & Co. from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. BMO Capital Markets decreased their price target on Victoria’s Secret & Co. from $50.00 to $45.00 in a research note on Thursday, August 25th. Finally, Cowen initiated coverage on Victoria’s Secret & Co. in a research note on Monday, August 1st. They issued a “market perform” rating and a $40.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.23.

Victoria’s Secret & Co. Stock Up 4.4 %

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.07 and a quick ratio of 0.32. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.14 and a beta of 1.91. The firm has a 50 day moving average price of $35.57 and a 200-day moving average price of $36.69.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.18. Victoria’s Secret & Co. had a return on equity of 198.36% and a net margin of 7.13%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, equities analysts predict that Victoria’s Secret & Co. will post 4.68 EPS for the current fiscal year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Victoria’s Secret & Co. by 178.9% during the third quarter. Rockefeller Capital Management L.P. now owns 859 shares of the company’s stock valued at $25,000 after acquiring an additional 551 shares during the period. Venture Visionary Partners LLC acquired a new position in shares of Victoria’s Secret & Co. during the second quarter valued at $30,000. Parkside Financial Bank & Trust increased its holdings in Victoria’s Secret & Co. by 774.0% in the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after purchasing an additional 565 shares during the last quarter. Captrust Financial Advisors increased its holdings in Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after purchasing an additional 329 shares during the last quarter. Finally, Islay Capital Management LLC bought a new stake in Victoria’s Secret & Co. in the second quarter valued at about $62,000. Institutional investors and hedge funds own 96.39% of the company’s stock.

About Victoria’s Secret & Co.

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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

Further Reading

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