Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $37.90, but opened at $33.75. Victoria's Secret & Co. shares last traded at $36.27, with a volume of 992,708 shares traded.
Wall Street Analyst Weigh In
A number of research firms have recently commented on VSCO. Telsey Advisory Group restated a "market perform" rating and set a $40.00 price objective on shares of Victoria's Secret & Co. in a report on Friday, December 6th. Jefferies Financial Group increased their target price on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their price objective on shares of Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Wells Fargo & Company reissued an "equal weight" rating and issued a $45.00 price objective (up previously from $33.00) on shares of Victoria's Secret & Co. in a research report on Monday, December 9th. Finally, Morgan Stanley reduced their target price on shares of Victoria's Secret & Co. from $44.00 to $40.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Victoria's Secret & Co. presently has an average rating of "Hold" and a consensus price target of $40.09.
Get Our Latest Stock Report on VSCO
Victoria's Secret & Co. Stock Performance
The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.28 and a beta of 2.14. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company has a 50 day moving average of $40.63 and a 200 day moving average of $30.46.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted ($0.86) EPS. Victoria's Secret & Co.'s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Victoria's Secret & Co. will post 2.31 EPS for the current fiscal year.
Institutional Investors Weigh In On Victoria's Secret & Co.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in shares of Victoria's Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after buying an additional 1,636,602 shares during the last quarter. Geode Capital Management LLC boosted its stake in Victoria's Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after acquiring an additional 24,967 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Victoria's Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock valued at $41,338,000 after purchasing an additional 76,858 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in shares of Victoria's Secret & Co. during the 3rd quarter worth approximately $40,861,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Victoria's Secret & Co. by 13.5% in the 2nd 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.
Victoria's Secret & Co. Company Profile
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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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