Victoria’s Secret & Co. (NYSE:VSCO) Stock Price Down 4.8% – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSCO) shares were down 4.8% during mid-day trading on Tuesday . The stock traded as low as $31.19 and last traded at $31.26. Approximately 351,120 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 1,803,079 shares. The stock had previously closed at $32.83.

Analysts Set New Price Targets

Several research firms have recently weighed in on VSCO. Bank of America reduced their price objective on 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. Telsey Advisory Group decreased their price target on shares of Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets increased their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.36.

Victoria’s Secret & Co. Trading Down 4.9 %

The business’s 50 day simple moving average is $38.53 and its 200 day simple moving average is $32.12. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.31 and a beta of 2.11. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted ($0.86) earnings per share. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VSCO. Blue Trust Inc. boosted its position in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $216,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $92,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $301,000. Finally, Nisa Investment Advisors LLC grew its stake in Victoria’s Secret & Co. by 26.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 14,006 shares of the company’s stock valued at $360,000 after buying an additional 2,940 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 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.