Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price traded down 6.7% during mid-day trading on Monday . The company traded as low as $25.13 and last traded at $24.95. 1,054,671 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,947,155 shares. The stock had previously closed at $26.73.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. Barclays dropped their price target on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday. UBS Group lowered their target price on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Morgan Stanley lowered their target price on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday. Bank of America lowered their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lowered their target price on shares of Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria's Secret & Co. presently has a consensus rating of "Hold" and a consensus target price of $33.18.
Check Out Our Latest Research Report on VSCO
Victoria's Secret & Co. Trading Down 6.4 %
The company has a market cap of $1.50 billion, a price-to-earnings ratio of 9.89, 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 current ratio of 1.17 and a quick ratio of 0.33. The firm's fifty day moving average price is $33.75 and its 200-day moving average price is $32.50.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.10 billion. On average, equities analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.
Institutional Investors Weigh In On Victoria's Secret & Co.
Institutional investors have recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new stake in Victoria's Secret & Co. in the third quarter worth about $27,000. CoreCap Advisors LLC lifted its holdings in Victoria's Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after purchasing an additional 1,955 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Victoria's Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after purchasing an additional 1,682 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after purchasing an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Victoria's Secret & Co. in the fourth quarter worth about $112,000. Institutional investors and hedge funds own 90.29% of the company's stock.
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.
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