Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price fell 5.8% on Wednesday . The stock traded as low as $19.54 and last traded at $19.38. 1,096,401 shares changed hands during trading, a decline of 59% from the average session volume of 2,699,361 shares. The stock had previously closed at $20.57.
Analysts Set New Price Targets
A number of analysts recently commented on VSCO shares. JPMorgan Chase & Co. dropped their target price on shares of 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. UBS Group cut their price objective on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company decreased their target price on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. TD Cowen upped their target price on Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a report on Monday, December 9th. Finally, Morgan Stanley decreased their price target 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Victoria's Secret & Co. currently has a consensus rating of "Hold" and an average target price of $31.73.
Read Our Latest Stock Report on VSCO
Victoria's Secret & Co. Stock Performance
The firm's fifty day moving average is $27.16 and its 200 day moving average is $32.07. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.15 and a beta of 2.16. 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 issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.
Insiders Place Their Bets
In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This trade represents a 0.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 1,291,473 shares of company stock valued at $23,185,437 in the last three months. Insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Victoria's Secret & Co.
A number of large investors have recently bought and sold shares of VSCO. Intech Investment Management LLC bought a new position in Victoria's Secret & Co. in the 3rd quarter worth $382,000. Charles Schwab Investment Management Inc. grew its holdings in Victoria's Secret & Co. by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock valued at $41,338,000 after buying an additional 76,858 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Victoria's Secret & Co. by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock worth $1,079,000 after buying an additional 412 shares during the period. FMR LLC lifted its holdings in shares of Victoria's Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company's stock worth $70,856,000 after buying an additional 1,636,602 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Victoria's Secret & Co. by 129.1% in the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock valued at $1,173,000 after acquiring an additional 25,723 shares during the period. 90.29% of the stock is currently owned by institutional investors.
About Victoria's Secret & Co.
(
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.
Further Reading
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
