Victoria's Secret & Co. (NYSE:VSCO) Shares Down 4% - What's Next?

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) were down 4% during mid-day trading on Monday . The stock traded as low as $43.09 and last traded at $43.14. Approximately 224,713 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,681,029 shares. The stock had previously closed at $44.96.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VSCO shares. Telsey Advisory Group reissued a "market perform" rating and set a $40.00 price target on shares of Victoria's Secret & Co. in a report on Friday, December 6th. Morgan Stanley boosted their price target on Victoria's Secret & Co. from $23.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Wells Fargo & Company reiterated 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 note on Monday, December 9th. BMO Capital Markets increased their price target on shares of Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, Bank of America raised their target price on Victoria's Secret & Co. from $18.00 to $21.00 and gave the stock an "underperform" rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued 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. Stock Performance

The stock has a market cap of $3.32 billion, a P/E ratio of 21.86, a PEG ratio of 2.88 and a beta of 2.19. The firm's 50-day moving average price is $36.49 and its 200-day moving average price is $26.45. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31.

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

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

A number of hedge funds have recently bought and sold shares of VSCO. Dark Forest Capital Management LP purchased a new position in Victoria's Secret & Co. in the second quarter worth about $589,000. Forest Avenue Capital Management LP bought a new stake in shares of Victoria's Secret & Co. in the 3rd quarter valued at approximately $40,861,000. Aristeia Capital L.L.C. purchased a new position in shares of Victoria's Secret & Co. in the 2nd quarter worth approximately $1,171,000. MetLife Investment Management LLC increased its position in shares of Victoria's Secret & Co. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock valued at $1,173,000 after purchasing an additional 25,723 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Victoria's Secret & Co. during the 2nd quarter valued at approximately $408,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

About Victoria's Secret & Co.

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.