Victoria's Secret & Co. (NYSE:VSCO) Shares Up 3.4%

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price rose 3.4% during mid-day trading on Thursday . The stock traded as high as $18.39 and last traded at $17.99. Approximately 2,023,270 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 2,825,678 shares. The stock had previously closed at $17.40.

Analysts Set New Price Targets

VSCO has been the subject of several recent research reports. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $15.00 price target (down previously from $22.00) on shares of Victoria's Secret & Co. in a research report on Thursday, March 7th. BMO Capital Markets dropped their price target on shares of 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. Bank of America reissued an "underperform" rating and issued a $15.00 price target (down previously from $34.00) on shares of Victoria's Secret & Co. in a research report on Friday, March 8th. Wells Fargo & Company dropped their price target 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. Finally, Telsey Advisory Group dropped their price target 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 report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.00.

Victoria's Secret & Co. Trading Up 3.5 %

The company has a market cap of $1.40 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.10 and a beta of 2.07. The company's fifty day moving average price is $24.10 and its two-hundred day moving average price is $22.39. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Victoria's Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. Research analysts expect that Victoria's Secret & Co. will post 1.68 earnings per share for the current year.

Institutional Trading of Victoria's Secret & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its holdings in shares of Victoria's Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company's stock valued at $44,000 after purchasing an additional 329 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Victoria's Secret & Co. by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 34,163 shares of the company's stock valued at $907,000 after acquiring an additional 340 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Victoria's Secret & Co. by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the company's stock valued at $967,000 after acquiring an additional 422 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in Victoria's Secret & Co. by 13.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,473 shares of the company's stock valued at $159,000 after acquiring an additional 536 shares during the last quarter. Finally, American International Group Inc. boosted its stake in Victoria's Secret & Co. by 0.4% in the first quarter. American International Group Inc. now owns 123,456 shares of the company's stock valued at $6,341,000 after acquiring an additional 552 shares during the last quarter. 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.