Victoria's Secret & Co. (NYSE:VSCO) Shares Gap Down to $17.55

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $17.55, but opened at $16.90. Victoria's Secret & Co. shares last traded at $18.08, with a volume of 704,442 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VSCO. The Goldman Sachs Group began coverage on Victoria's Secret & Co. in a research report on Thursday, April 25th. They issued a "sell" rating and a $14.00 price objective on the stock. BMO Capital Markets reduced their price target on Victoria's Secret & Co. from $29.00 to $26.00 and set an "outperform" rating on the stock in a research report on Thursday, March 7th. Bank of America restated an "underperform" rating and issued a $15.00 price target (down from $34.00) on shares of Victoria's Secret & Co. in a research report on Friday, March 8th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $15.00 price target (down from $22.00) on shares of Victoria's Secret & Co. in a research report on Thursday, March 7th. Finally, Morgan Stanley downgraded Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $19.00 to $15.00 in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and an average price target of $20.36.

Victoria's Secret & Co. Price Performance

The company has a 50 day simple moving average of $19.79 and a 200-day simple moving average of $22.70. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 1.11 and a beta of 2.05. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria's Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. Research analysts expect that Victoria's Secret & Co. will post 1.67 EPS for the current year.

Institutional Trading of Victoria's Secret & Co.

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in Victoria's Secret & Co. during the fourth quarter worth about $41,000. Systematic Alpha Investments LLC bought a new stake in shares of Victoria's Secret & Co. during the 3rd quarter worth approximately $58,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Victoria's Secret & Co. during the 4th quarter worth approximately $58,000. NBC Securities Inc. acquired a new stake in shares of Victoria's Secret & Co. in the 3rd quarter valued at approximately $74,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at $76,000. Institutional investors and hedge funds 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.