Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $14.60 and last traded at $14.81, with a volume of 13681783 shares traded. The stock had previously closed at $19.22.
Analyst Ratings Changes
A number of analysts have recently commented on VSCO shares. The Goldman Sachs Group cut their target price on shares of Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their price target on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Morgan Stanley reduced their price objective on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Telsey Advisory Group reduced their target price on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th. Finally, Barclays lowered their price target on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.73.
Read Our Latest Research Report on Victoria's Secret & Co.
Victoria's Secret & Co. Price Performance
The company's 50 day simple moving average is $24.00 and its 200 day simple moving average is $31.56. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $1.56 billion, a PE ratio of 10.30, a PEG ratio of 1.15 and a beta of 2.26.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. On average, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
Insider Transactions at Victoria's Secret & Co.
In related news, major shareholder International Pte Ltd Bbrc bought 85,145 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average price of $19.47 per share, for a total transaction of $1,657,773.15. Following the purchase, the insider now owns 9,389,805 shares in the company, valued at $182,819,503.35. This trade represents a 0.92 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have bought 1,503,973 shares of company stock valued at $26,617,312. Corporate insiders own 1.10% of the company's stock.
Hedge Funds Weigh In On Victoria's Secret & Co.
Hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. boosted its stake in Victoria's Secret & Co. by 141,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after purchasing an additional 2,820 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after buying an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Victoria's Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after buying an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after buying an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Victoria's Secret & Co. during the 4th quarter valued at approximately $112,000. Institutional investors and hedge funds own 90.29% of the company's stock.
About Victoria's Secret & Co.
(
Get Free Report)
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.
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