Victoria's Secret & Co. (NYSE:VSCO) Stock Price Down 3.1% - What's Next?

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s share price traded down 3.1% during trading on Monday . The company traded as low as $40.57 and last traded at $40.57. 90,953 shares were traded during trading, a decline of 91% from the average session volume of 1,056,909 shares. The stock had previously closed at $41.86.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VSCO. TD Cowen boosted their price objective on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a research report on Monday, December 9th. 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 report on Thursday, December 5th. BMO Capital Markets raised their price objective on Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $45.00 target price (up from $33.00) on shares of Victoria's Secret & Co. in a research note on Monday, December 9th. Finally, Jefferies Financial Group increased their target price on Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $36.73.

Victoria's Secret & Co. Stock Down 5.3 %

The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 2.88 and a beta of 2.14. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The firm has a 50 day moving average price of $39.42 and a two-hundred day moving average price of $28.22.

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

Institutional Trading of Victoria's Secret & Co.

Institutional investors have recently added to or reduced their stakes in the business. Virtus Fund Advisers LLC acquired a new position in Victoria's Secret & Co. in the third quarter valued at approximately $27,000. Blue Trust Inc. boosted its position in Victoria's Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock valued at $44,000 after purchasing an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Victoria's Secret & Co. during the 2nd quarter valued at approximately $50,000. Quarry LP grew its stake in Victoria's Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company's stock worth $56,000 after buying an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Victoria's Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock worth $81,000 after buying an additional 1,652 shares during the period. 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.