Victoria's Secret & Co. (NYSE:VSCO) Short Interest Update

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 9,550,000 shares, a growth of 39.2% from the February 28th total of 6,860,000 shares. Based on an average daily volume of 3,110,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 13.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VSCO shares. BMO Capital Markets dropped their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Wells Fargo & Company cut their target price on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Barclays decreased their price target on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $31.73.

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Victoria's Secret & Co. Trading Down 23.0 %

Shares of Victoria's Secret & Co. stock traded down $4.41 on Thursday, hitting $14.81. The stock had a trading volume of 13,681,783 shares, compared to its average volume of 2,827,240. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a one year low of $14.60 and a one year high of $48.73. The stock's 50-day simple moving average is $26.30 and its two-hundred day simple moving average is $31.86. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.15 and a beta of 2.16.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, sell-side analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the transaction, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have purchased 1,291,473 shares of company stock worth $23,185,437. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new position in shares of Victoria's Secret & Co. during the third quarter valued at approximately $382,000. Charles Schwab Investment Management Inc. boosted its holdings in Victoria's Secret & Co. by 5.0% in 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 acquiring an additional 76,858 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Victoria's Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock valued at $1,079,000 after acquiring an additional 412 shares in the last quarter. FMR LLC increased its position in 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 purchasing an additional 1,636,602 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Victoria's Secret & Co. by 129.1% during the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock valued at $1,173,000 after buying an additional 25,723 shares during the period. Institutional investors 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.