Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) fell 3.7% on Thursday . The stock traded as low as $20.06 and last traded at $20.21. 298,885 shares traded hands during trading, a decline of 90% from the average session volume of 2,943,572 shares. The stock had previously closed at $20.99.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on VSCO shares. Morgan Stanley decreased their target price on Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. UBS Group set a $24.00 price objective on shares of Victoria's Secret & Co. and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Jefferies Financial Group reduced their price target on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Barclays cut their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, The Goldman Sachs Group cut their price target on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.18.
Get Our Latest Stock Analysis on Victoria's Secret & Co.
Victoria's Secret & Co. Stock Up 2.7%
The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $19.33 and a 200-day simple moving average of $29.33.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, sell-side analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.
Insider Activity at Victoria's Secret & Co.
In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the transaction, the insider now directly owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. This represents a 2.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 1,503,973 shares of company stock worth $26,617,312. Corporate insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Victoria's Secret & Co.
A number of institutional investors have recently added to or reduced their stakes in VSCO. Virtus Advisers LLC purchased a new stake in shares of Victoria's Secret & Co. during the 1st quarter worth approximately $30,000. NBC Securities Inc. increased its position in Victoria's Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock worth $52,000 after buying an additional 2,820 shares during the last quarter. Allworth Financial LP raised its stake in shares of Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock valued at $57,000 after buying an additional 2,669 shares during the period. KBC Group NV raised its stake in Victoria's Secret & Co. by 40.8% in the 1st quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after acquiring an additional 1,132 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in Victoria's Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after purchasing an additional 1,955 shares during the last quarter. 90.29% of the stock is owned by institutional investors.
About Victoria's Secret & Co.
(
Get Free Report)
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.
Read More
Before you consider Victoria's Secret & Co., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victoria's Secret & Co. wasn't on the list.
While Victoria's Secret & Co. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
