Victoria's Secret & Co. (NYSE:VSCO) Stock Price Down 1.7% - Time to Sell?

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report)'s stock price traded down 1.7% during mid-day trading on Tuesday . The company traded as low as $18.30 and last traded at $18.64. 365,917 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,936,119 shares. The stock had previously closed at $18.96.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group cut their target price on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group reduced their price target on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Bank of America reduced their target price 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $29.73.

Victoria's Secret & Co. Trading Down 0.3 %

The stock has a market cap of $1.49 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company's 50-day moving average price is $19.93 and its 200 day moving average price is $30.86. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 EPS 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 purchased 212,500 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the purchase, the insider now directly owns 10,310,631 shares of the company's stock, valued at approximately $166,516,690.65. This trade represents a 2.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders purchased 1,503,973 shares of company stock worth $26,617,312. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Castellan Group purchased a new position in Victoria's Secret & Co. in the 3rd quarter valued at approximately $6,218,000. GAMMA Investing LLC boosted its holdings in Victoria's Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after purchasing an additional 326 shares during the period. Oliver Luxxe Assets LLC acquired a new position in Victoria's Secret & Co. during the 4th quarter worth $1,963,000. Wedmont Private Capital purchased a new stake in Victoria's Secret & Co. during the 4th quarter worth about $263,000. Finally, Profit Investment Management LLC raised its position in Victoria's Secret & Co. by 6.9% in the 4th quarter. Profit Investment Management LLC now owns 63,357 shares of the company's stock valued at $2,624,000 after purchasing an additional 4,083 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Company Profile

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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