Victoria's Secret & Co. (NYSE:VSCO) Stock Price Down 3.6% - Should You Sell?

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s share price fell 3.6% during trading on Wednesday . The stock traded as low as $20.73 and last traded at $21.41. 2,049,600 shares changed hands during trading, a decline of 31% from the average session volume of 2,959,694 shares. The stock had previously closed at $22.20.

Analyst Upgrades and Downgrades

VSCO has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a "sell" rating and issued a $15.00 price target on shares of Victoria's Secret & Co. in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Bank of America cut their price objective on Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Thursday. Wall Street Zen cut Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, UBS Group set a $24.00 target price on Victoria's Secret & Co. and gave the company a "neutral" rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.64.

Victoria's Secret & Co. Price Performance

The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a 50-day moving average price of $19.84 and a 200-day moving average price of $28.51. The firm has a market capitalization of $1.56 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. On average, sell-side analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Insider Transactions at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 85,145 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the transaction, the insider now directly owns 9,389,805 shares of the company's stock, valued at approximately $182,819,503.35. This represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 881,645 shares of company stock valued at $15,881,968 over the last three months. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Victoria's Secret & Co.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Victoria's Secret & Co. by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,966,584 shares of the company's stock valued at $166,599,000 after acquiring an additional 38,695 shares during the period. FMR LLC increased its holdings in shares of Victoria's Secret & Co. by 44.7% in the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Victoria's Secret & Co. by 7.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock valued at $85,168,000 after purchasing an additional 137,074 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Victoria's Secret & Co. by 8.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock worth $84,309,000 after buying an additional 156,979 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Victoria's Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after buying an additional 1,620,256 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

About Victoria's Secret & Co.

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.