Victoria's Secret & Co. (NYSE:VSCO) Shares Gap Down - Should You Sell?

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $21.75, but opened at $20.90. Victoria's Secret & Co. shares last traded at $21.04, with a volume of 478,409 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VSCO shares. JPMorgan Chase & Co. reduced their price objective on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group reduced their price target on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a research report on Monday, March 10th. Morgan Stanley lowered 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 report on Friday, March 7th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Finally, Telsey Advisory Group decreased 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 report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $31.73.

Victoria's Secret & Co. Trading Down 3.8 %

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 firm's 50-day moving average price is $28.99 and its 200 day moving average price is $32.19. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.15 and a beta of 2.16.

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Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 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 business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. As a group, equities analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of Victoria's Secret & Co. stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the transaction, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This trade represents a 6.65 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Virtus Fund Advisers LLC acquired a new position in shares of Victoria's Secret & Co. during the third quarter valued at about $27,000. CoreCap Advisors LLC lifted its position in Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Victoria's Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in 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 purchasing an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Victoria's Secret & Co. during the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Company Profile

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.