Victoria's Secret & Co. (NYSE:VSCO) Trading Down 4.5% - Here's Why

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s share price dropped 4.5% on Monday . The company traded as low as $46.35 and last traded at $46.50. Approximately 392,245 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,700,008 shares. The stock had previously closed at $48.71.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $40.00 target price on shares of Victoria's Secret & Co. in a research report on Friday, December 6th. The Goldman Sachs Group raised their price objective on Victoria's Secret & Co. from $17.00 to $19.00 and gave the stock a "sell" rating in a research note on Friday, August 30th. Morgan Stanley upped their target price on Victoria's Secret & Co. from $23.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. TD Cowen increased their price target on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, December 9th. Finally, Barclays upgraded shares of Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victoria's Secret & Co. has an average rating of "Hold" and an average price target of $36.73.

Victoria's Secret & Co. Price Performance

The firm has a market cap of $3.61 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The stock's fifty day moving average price is $34.55 and its 200-day moving average price is $25.69. 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 posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.86) EPS. As a group, equities analysts expect that Victoria's Secret & Co. will post 2.31 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of VSCO. The Manufacturers Life Insurance Company raised its position in shares of Victoria's Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock worth $1,079,000 after acquiring an additional 412 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Victoria's Secret & Co. by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company's stock valued at $663,000 after purchasing an additional 715 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Victoria's Secret & Co. by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company's stock worth $179,000 after purchasing an additional 835 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Victoria's Secret & Co. by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company's stock worth $696,000 after buying an additional 1,000 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Victoria's Secret & Co. in the 3rd quarter valued at $27,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Company Profile

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.

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