Victoria's Secret & Co. (NYSE:VSCO) Trading Down 6.4%

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was down 6.4% on Thursday . The stock traded as low as $22.48 and last traded at $23.28. Approximately 846,004 shares changed hands during trading, a decline of 70% from the average daily volume of 2,852,777 shares. The stock had previously closed at $24.88.

Analyst Ratings Changes

VSCO has been the topic of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Victoria's Secret & Co. from $26.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of Victoria's Secret & Co. from $15.00 to $17.00 and gave the stock a "sell" rating in a research report on Thursday, August 15th. Wells Fargo & Company boosted their target price on Victoria's Secret & Co. from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday. Telsey Advisory Group increased their price target on Victoria's Secret & Co. from $24.00 to $27.00 and gave the stock a "market perform" rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Victoria's Secret & Co. from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Friday, May 17th. Five 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's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.60.

Victoria's Secret & Co. Stock Down 3.7 %

The company has a debt-to-equity ratio of 2.51, a quick ratio of 0.28 and a current ratio of 0.97. The company has a fifty day simple moving average of $19.38 and a two-hundred day simple moving average of $20.40. The firm has a market capitalization of $1.88 billion, a PE ratio of 18.44, a PEG ratio of 1.30 and a beta of 2.08.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Victoria's Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Analysts forecast that Victoria's Secret & Co. will post 1.97 EPS for the current fiscal year.

Institutional Trading of Victoria's Secret & Co.

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of Victoria's Secret & Co. in the 4th quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria's Secret & Co. in the second quarter valued at about $50,000. Quarry LP raised its holdings in Victoria's Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company's stock worth $56,000 after purchasing an additional 1,764 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at about $76,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Victoria's Secret & Co. by 24.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company's stock valued at $107,000 after buying an additional 790 shares in the last quarter. Hedge funds and other 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.