Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $17.56, but opened at $16.57. Victoria's Secret & Co. shares last traded at $16.97, with a volume of 600,808 shares changing hands.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on VSCO shares. BMO Capital Markets reduced their price objective on Victoria's Secret & Co. from $29.00 to $26.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $15.00 price target (down previously from $22.00) on shares of Victoria's Secret & Co. in a research note on Thursday, March 7th. Telsey Advisory Group dropped their price objective on shares of Victoria's Secret & Co. from $29.00 to $20.00 and set a "market perform" rating for the company in a research note on Thursday, March 7th. Bank of America reaffirmed an "underperform" rating and set a $15.00 price objective (down from $34.00) on shares of Victoria's Secret & Co. in a report on Friday, March 8th. Finally, Wells Fargo & Company dropped their target price on shares of Victoria's Secret & Co. from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $21.27.
Check Out Our Latest Analysis on VSCO
Victoria's Secret & Co. Price Performance
The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The stock's 50-day moving average price is $21.17 and its 200-day moving average price is $22.54. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.12 and a beta of 2.07.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.12. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. Victoria's Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. Equities research analysts anticipate that Victoria's Secret & Co. will post 1.67 earnings per share for the current year.
Institutional Trading of Victoria's Secret & Co.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oak Thistle LLC bought a new position in shares of Victoria's Secret & Co. in the 4th quarter valued at about $543,000. AQR Capital Management LLC raised its position in shares of Victoria's Secret & Co. by 4.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company's stock valued at $24,951,000 after acquiring an additional 61,693 shares during the last quarter. Kettle Hill Capital Management LLC acquired a new position in shares of Victoria's Secret & Co. in the 3rd quarter valued at $18,645,000. Citigroup Inc. lifted its stake in shares of Victoria's Secret & Co. by 478.4% in the 3rd quarter. Citigroup Inc. now owns 199,668 shares of the company's stock valued at $3,330,000 after purchasing an additional 165,147 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new position in shares of Victoria's Secret & Co. in the 3rd quarter worth $799,000. 90.29% of the stock is owned by institutional investors.
About Victoria's Secret & Co.
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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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