Stock Traders Purchase Large Volume of Victoria's Secret & Co. Call Options (NYSE:VSCO)

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was the target of some unusual options trading activity on Friday. Traders bought 10,085 call options on the stock. This is an increase of approximately 47% compared to the average daily volume of 6,839 call options.

Victoria's Secret & Co. Price Performance

VSCO traded down $0.37 during trading on Wednesday, reaching $18.41. 1,065,422 shares of the stock were exchanged, compared to its average volume of 2,939,295. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. 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 business's 50 day moving average price is $19.72 and its two-hundred day moving average price is $30.78. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.15 and a beta of 2.26.

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, topping 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 business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. As a group, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on VSCO. JPMorgan Chase & Co. lowered their price target on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Wells Fargo & Company downgraded Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $25.00 to $12.00 in a report on Wednesday. UBS Group decreased their price objective 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. Finally, Bank of America cut their price target on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and an average price target of $28.55.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the business's stock in a transaction on 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Victoria's Secret & Co.

A number of hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. grew its position in Victoria's Secret & Co. by 141,000.0% during the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after acquiring an additional 2,820 shares during the period. KBC Group NV grew its holdings in shares of Victoria's Secret & Co. by 40.8% during the 1st quarter. KBC Group NV now owns 3,904 shares of the company's stock worth $73,000 after purchasing an additional 1,132 shares during the period. CoreCap Advisors LLC increased its position in Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after purchasing an additional 1,955 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Victoria's Secret & Co. by 107.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company's stock valued at $91,000 after buying an additional 2,634 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Victoria's Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after buying an additional 1,682 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Company Profile

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.