Victoria's Secret & Co. (NYSE:VSCO) Trading Down 4%

Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) were down 4% during mid-day trading on Tuesday . The company traded as low as $18.96 and last traded at $19.00. Approximately 822,161 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 2,839,644 shares. The stock had previously closed at $19.79.

Analyst Ratings Changes

A number of equities analysts recently issued reports on VSCO shares. Bank of America reissued an "underperform" rating and issued a $15.00 price objective (down from $34.00) on shares of Victoria's Secret & Co. in a report on Friday, March 8th. BMO Capital Markets decreased their price objective on Victoria's Secret & Co. from $29.00 to $26.00 and set an "outperform" rating for the company in a report on Thursday, March 7th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $15.00 price objective (down from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, March 7th. Wells Fargo & Company decreased their price target on Victoria's Secret & Co. from $32.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, March 7th. Finally, Telsey Advisory Group reduced their price objective on 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $22.00.

Victoria's Secret & Co. Trading Down 3.7 %

The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The company has a fifty day moving average of $23.82 and a 200-day moving average of $22.48. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.17 and a beta of 2.07.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced 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. Victoria's Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. On average, sell-side analysts anticipate that Victoria's Secret & Co. will post 1.67 earnings per share for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of VSCO. CWM LLC raised its holdings in Victoria's Secret & Co. by 126.8% during the third quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $27,000 after buying an additional 914 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Victoria's Secret & Co. by 774.0% during the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company's stock valued at $33,000 after buying an additional 565 shares in the last quarter. Lazard Asset Management LLC bought a new position in Victoria's Secret & Co. during the second quarter valued at about $40,000. GAMMA Investing LLC bought a new position in Victoria's Secret & Co. during the fourth quarter valued at about $41,000. Finally, Captrust Financial Advisors raised its holdings in Victoria's Secret & Co. by 26.7% during the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company's stock valued at $44,000 after buying an additional 329 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria's Secret & Co. Company Profile

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.