Shares of Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $23.53, but opened at $22.64. Victoria's Secret & Co. shares last traded at $22.65, with a volume of 114,510 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Bank of America reduced their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. Telsey Advisory Group reduced their price target on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. UBS Group dropped their target price on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Finally, Barclays reduced their target price on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.55.
Get Our Latest Report on Victoria's Secret & Co.
Victoria's Secret & Co. Stock Performance
The company has a market capitalization of $1.79 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.15 and a beta of 2.25. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company's fifty day moving average is $19.14 and its 200 day moving average is $29.99.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm 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%. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
Insider Buying and Selling at Victoria's Secret & Co.
In other news, major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was purchased at an average cost of $19.47 per share, with a total value of $1,657,773.15. Following the acquisition, the insider now directly owns 9,389,805 shares in the company, valued at approximately $182,819,503.35. This trade represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 1,503,973 shares of company stock valued at $26,617,312 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in VSCO. Virtus Advisers LLC purchased a new position in Victoria's Secret & Co. during the first quarter worth about $30,000. CoreCap Advisors LLC boosted its position in shares of Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Victoria's Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after purchasing an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Victoria's Secret & Co. in the fourth quarter valued at approximately $112,000. Institutional investors own 90.29% of the company's stock.
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.
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