Victoria's Secret & Co. (NYSE:VSCO) Stock Price Down 3.4%

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was down 3.4% on Thursday . The stock traded as low as $17.39 and last traded at $17.50. Approximately 141,160 shares changed hands during trading, a decline of 95% from the average daily volume of 2,809,618 shares. The stock had previously closed at $18.12.

Analyst Ratings Changes

VSCO has been the topic of a number of research analyst reports. Bank of America reaffirmed an "underperform" rating and set a $15.00 price objective (down from $34.00) on shares of Victoria's Secret & Co. in a research report on Friday, March 8th. JPMorgan Chase & Co. upped their price target on shares of 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. Morgan Stanley lowered Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $19.00 to $15.00 in a report on Monday, May 6th. The Goldman Sachs Group started coverage on Victoria's Secret & Co. in a research note on Thursday, April 25th. They issued a "sell" rating and a $14.00 target price on the stock. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $20.00 price target on shares of Victoria's Secret & Co. in a research note on Thursday, June 6th. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $18.50.

Victoria's Secret & Co. Trading Down 0.1 %

The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.11 and a beta of 2.16. The business has a 50-day moving average of $19.34 and a two-hundred day moving average of $22.40.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. Victoria's Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The business's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Research analysts predict that Victoria's Secret & Co. will post 1.72 EPS for the current fiscal year.

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

Several large investors have recently made changes to their positions in VSCO. GAMMA Investing LLC bought a new position in Victoria's Secret & Co. in the 4th quarter valued at $41,000. Harvest Fund Management Co. Ltd acquired a new position in Victoria's Secret & Co. during the 4th quarter worth about $58,000. Frazier Financial Advisors LLC bought a new stake in Victoria's Secret & Co. during the 4th quarter worth about $76,000. DekaBank Deutsche Girozentrale acquired a new stake in Victoria's Secret & Co. in the 3rd quarter valued at about $82,000. Finally, Arena Capital Advisors LLC CA bought a new position in shares of Victoria's Secret & Co. in the fourth quarter worth about $106,000. 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.