Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down After Analyst Downgrade

Shares of Victoria’s Secret & Co. (NYSE:VSCO) gapped down prior to trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $40.00 to $25.00. The stock had previously closed at $22.21, but opened at $20.86. Wells Fargo & Company currently has an equal weight rating on the stock. Victoria’s Secret & Co. shares last traded at $20.45, with a volume of 2,398,233 shares.

Several other brokerages have also weighed in on VSCO. TD Cowen upped their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Jefferies Financial Group increased their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets increased their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. lowered their price objective on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Bank of America lowered their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average price target of $37.45.

Institutional Trading of Victoria’s Secret & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock worth $369,793,000 after acquiring an additional 58,981 shares during the period. FMR LLC lifted its holdings in shares of Victoria’s Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after acquiring an additional 1,231,090 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Victoria’s Secret & Co. by 7.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after acquiring an additional 137,074 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 8.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock worth $84,309,000 after acquiring an additional 156,979 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Victoria’s Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after acquiring an additional 1,620,256 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Down 7.6 %

The business’s fifty day moving average price is $34.65 and its 200 day moving average price is $32.56. The company has a market capitalization of $1.61 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.15 and a beta of 2.11. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

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

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.