Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) saw strong trading volume on Friday . 2,657,601 shares traded hands during trading, an increase of 10% from the previous session's volume of 2,405,352 shares.The stock last traded at $18.95 and had previously closed at $20.38.
Wall Street Analysts Forecast Growth
VSCO has been the subject of several recent research reports. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday. Telsey Advisory Group lowered their price target on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group reduced their price objective on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a research note on Monday. UBS Group decreased their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Bank of America dropped their target price on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $31.73.
Get Our Latest Stock Analysis on Victoria's Secret & Co.
Victoria's Secret & Co. Stock Performance
The company's fifty day simple moving average is $33.25 and its two-hundred day simple moving average is $32.51. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Equities research analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Victoria's Secret & Co.
Institutional investors and hedge funds have recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new position in Victoria's Secret & Co. in the third quarter worth $27,000. CoreCap Advisors LLC lifted its stake in Victoria's Secret & Co. by 1,898.1% in the fourth 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 boosted its holdings in shares of 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 valued at $92,000 after acquiring an additional 1,682 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Victoria's Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after acquiring an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Victoria's Secret & Co. in the 4th quarter worth about $112,000. 90.29% of the stock is owned by institutional investors and hedge funds.
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.
See Also
Before you consider Victoria's Secret & Co., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victoria's Secret & Co. wasn't on the list.
While Victoria's Secret & Co. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
