Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down – What’s Next?

Shares of Victoria’s Secret & Co. (NYSE:VSCO) gapped down prior to trading on Thursday . The stock had previously closed at $43.90, but opened at $42.81. Victoria’s Secret & Co. shares last traded at $43.68, with a volume of 258,366 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VSCO shares. Bank of America lifted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Telsey Advisory Group increased their price objective on shares of Victoria’s Secret & Co. from $27.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. TD Cowen boosted their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Jefferies Financial Group upped their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.45.

Victoria’s Secret & Co. Price Performance

The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The firm has a market cap of $3.45 billion, a PE ratio of 25.40 and a beta of 2.19. The stock has a 50 day moving average price of $31.53 and a two-hundred day moving average price of $24.38.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $27,000. Blue Trust Inc. grew its stake in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Victoria’s Secret & Co. during the 2nd quarter valued at about $50,000. Quarry LP increased its holdings in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during 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 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.