Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) dropped 5.8% during trading on Wednesday . The company traded as low as $19.54 and last traded at $19.38. Approximately 1,096,401 shares traded hands during trading, a decline of 59% from the average daily volume of 2,699,361 shares. The stock had previously closed at $20.57.
Wall Street Analyst Weigh In
Several brokerages have commented on VSCO. The Goldman Sachs Group decreased their target price on shares of Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a report on Monday, March 10th. UBS Group lowered their price objective on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company reduced 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 report on Thursday, March 6th. Morgan Stanley lowered their price target on 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. Finally, JPMorgan Chase & Co. reduced their price objective on Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.73.
View Our Latest Research Report on VSCO
Victoria's Secret & Co. Price Performance
The company has a market capitalization of $1.44 billion, a PE ratio of 9.49, a P/E/G ratio of 1.15 and a beta of 2.16. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock has a 50 day moving average price of $27.94 and a two-hundred day moving average price of $32.05.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The firm 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%. Equities analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
Insider Activity
In related news, major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was bought at an average price of $19.47 per share, for a total transaction of $1,657,773.15. Following the purchase, the insider now owns 9,389,805 shares in the company, valued at $182,819,503.35. The trade was a 0.92 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 707,473 shares of company stock worth $12,393,117. 1.10% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in VSCO. Virtus Fund Advisers LLC bought a new position in shares of Victoria's Secret & Co. in the third quarter valued at approximately $27,000. CoreCap Advisors LLC grew its stake 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 buying an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after acquiring an additional 1,682 shares during the period. Canada Pension Plan Investment Board lifted its position 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 acquiring an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Victoria's Secret & Co. during the fourth quarter valued at about $112,000. 90.29% of the stock is 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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
