Victoria’s Secret & Co. (NYSE:VSCO) Short Interest Update

Victoria’s Secret & Co. (NYSE:VSCO) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 6,250,000 shares, a decline of 18.2% from the November 30th total of 7,640,000 shares. Approximately 8.9% of the company’s shares are sold short. Based on an average daily trading volume, of 2,120,000 shares, the short-interest ratio is presently 2.9 days.

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

Hedge funds have recently added to or reduced their stakes in the stock. Castellan Group acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter worth approximately $6,218,000. Sanctuary Advisors LLC boosted its holdings in shares of Victoria’s Secret & Co. by 3.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock worth $1,314,000 after buying an additional 1,617 shares during the period. Geode Capital Management LLC increased its stake in shares of Victoria’s Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at about $768,000. Finally, XTX Topco Ltd bought a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $412,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

VSCO stock traded down $0.47 during trading on Tuesday, reaching $41.42. 1,299,055 shares of the stock were exchanged, compared to its average volume of 2,662,266. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 3.12. The stock has a 50 day simple moving average of $38.22 and a 200-day simple moving average of $27.43. The company has a market capitalization of $3.26 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned ($0.86) earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. TD Cowen boosted their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their target price for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Finally, Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average target price of $36.73.

About Victoria’s Secret & Co.

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.