Victoria’s Secret & Co. (NYSE:VSCO) Shares Up 4.2% – What’s Next?

Victoria’s Secret & Co. (NYSE:VSCO) traded up 4.2% during mid-day trading on Thursday . The company traded as high as $22.60 and last traded at $22.59. 1,131,210 shares changed hands during trading, a decline of 58% from the average session volume of 2,678,988 shares. The stock had previously closed at $21.68.

Analyst Upgrades and Downgrades

VSCO has been the subject of several recent analyst reports. Telsey Advisory Group cut their target price on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, March 6th. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Morgan Stanley reduced their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Bank of America lowered their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Finally, Barclays dropped their target price on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.73.

Victoria’s Secret & Co. Stock Performance

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 market capitalization of $1.65 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.15 and a beta of 2.16. The firm has a 50 day moving average price of $29.57 and a 200-day moving average price of $32.11.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Victoria’s Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after acquiring an additional 58,981 shares during the last quarter. FMR LLC grew its position 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 period. Arrowstreet Capital Limited Partnership increased its stake in 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 last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Victoria’s Secret & Co. by 8.4% during the fourth 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 period. Finally, Marshall Wace LLP boosted its stake in Victoria’s Secret & Co. by 481.5% in 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. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.