Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) rose 4.2% on Thursday . The company traded as high as $22.60 and last traded at $22.59. Approximately 1,131,210 shares were traded during trading, a decline of 58% from the average daily volume of 2,678,988 shares. The stock had previously closed at $21.68.
Wall Street Analyst Weigh In
A number of analysts have weighed in on VSCO shares. TD Cowen raised their price objective on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Telsey Advisory Group dropped their target price on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley decreased their price objective on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, UBS Group reduced their price target on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Two equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $31.73.
Read Our Latest Stock Analysis on Victoria's Secret & Co.
Victoria's Secret & Co. Stock Performance
The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The stock's 50-day moving average is $29.57 and its 200-day moving average is $32.23. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.
Insider Transactions at Victoria's Secret & Co.
In related news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the acquisition, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Victoria's Secret & Co.
Several hedge funds have recently modified their holdings of the stock. Virtus Fund Advisers LLC acquired a new stake in Victoria's Secret & Co. during the 3rd quarter valued at approximately $27,000. CoreCap Advisors LLC grew its position 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 raised its position in shares of 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 worth $92,000 after purchasing an additional 1,682 shares during the period. Canada Pension Plan Investment Board lifted its stake in Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after buying an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Victoria's Secret & Co. in the 4th quarter valued at about $112,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.
Victoria's Secret & Co. Company Profile
(
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.
Featured Articles
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
