Victoria's Secret & Co. (NYSE:VSCO) Sees Large Decrease in Short Interest

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 6,250,000 shares, a decrease of 18.2% from the November 30th total of 7,640,000 shares. Based on an average daily volume of 2,120,000 shares, the short-interest ratio is currently 2.9 days. Approximately 8.9% of the company's shares are short sold.

Victoria's Secret & Co. Trading Up 1.2 %

Victoria's Secret & Co. stock traded up $0.50 during midday trading on Friday, reaching $42.26. The stock had a trading volume of 1,038,287 shares, compared to its average volume of 2,671,910. The stock's 50-day simple moving average is $37.96 and its 200 day simple moving average is $27.26. Victoria's Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. The stock has a market capitalization of $3.32 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.62) by $0.12. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted ($0.86) EPS. The company's revenue was up 6.5% compared to the same quarter last year. Analysts expect that Victoria's Secret & Co. will post 2.31 EPS for the current year.

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

Several institutional investors have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC purchased a new stake in shares of Victoria's Secret & Co. in the third quarter worth about $27,000. Blue Trust Inc. increased its stake in Victoria's Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock worth $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Victoria's Secret & Co. during the 2nd quarter worth $50,000. Quarry LP lifted its holdings in Victoria's Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company's stock worth $56,000 after buying an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Victoria's Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock valued at $81,000 after buying an additional 1,652 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group upgraded shares of Victoria's Secret & Co. from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $18.00 to $47.00 in a report on Tuesday, December 10th. Telsey Advisory Group restated a "market perform" rating and set a $40.00 target price on shares of Victoria's Secret & Co. in a research report on Friday, December 6th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $45.00 price target (up from $33.00) on shares of Victoria's Secret & Co. in a report on Monday, December 9th. Barclays raised Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. Finally, BMO Capital Markets lifted their price objective on Victoria's Secret & Co. from $33.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Victoria's Secret & Co. presently has a consensus rating of "Hold" and an average target price of $36.73.

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.