Victoria's Secret & Co. (NYSE:VSCO) Shares Down 2.9%

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s share price fell 2.9% during trading on Wednesday . The company traded as low as $23.59 and last traded at $23.65. 1,130,403 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 2,863,536 shares. The stock had previously closed at $24.35.

Analyst Ratings Changes

A number of brokerages have commented on VSCO. Bank of America upped their price target on Victoria's Secret & Co. from $15.00 to $18.00 and gave the stock an "underperform" rating in a research report on Thursday, August 15th. Wells Fargo & Company lifted their price target on shares of Victoria's Secret & Co. from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Barclays increased their price objective on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their target price on shares of Victoria's Secret & Co. from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group increased their price target on Victoria's Secret & Co. from $15.00 to $17.00 and gave the stock a "sell" rating in a research note on Thursday, August 15th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $19.80.

Victoria's Secret & Co. Price Performance

The company has a market cap of $1.86 billion, a P/E ratio of 18.27, a PEG ratio of 1.35 and a beta of 2.08. The firm's 50-day moving average is $18.69 and its two-hundred day moving average is $20.49. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Victoria's Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $0.28 EPS. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts anticipate that Victoria's Secret & Co. will post 1.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. UBS Group AG grew its holdings in Victoria's Secret & Co. by 3.0% during the 4th quarter. UBS Group AG now owns 3,421,898 shares of the company's stock valued at $90,817,000 after purchasing an additional 98,882 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Victoria's Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock worth $47,864,000 after purchasing an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Victoria's Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company's stock valued at $32,834,000 after purchasing an additional 258,059 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Victoria's Secret & Co. by 18.8% during 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 purchasing an additional 188,384 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Victoria's Secret & Co. by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company's stock worth $16,206,000 after purchasing an additional 109,013 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

About Victoria's Secret & Co.

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.