Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down to $17.56

Victoria’s Secret & Co. (NYSE:VSCO) gapped down prior to trading on Thursday . The stock had previously closed at $17.56, but opened at $16.57. Victoria’s Secret & Co. shares last traded at $16.97, with a volume of 600,808 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America restated an “underperform” rating and issued a $15.00 price target (down from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Wells Fargo & Company decreased their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. in a research report on Thursday. They set a “sell” rating and a $14.00 target price on the stock. BMO Capital Markets decreased their target price on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 target price (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average price target of $21.27.

Victoria’s Secret & Co. Stock Up 2.6 %

The stock has a market capitalization of $1.35 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.08 and a beta of 2.07. The firm’s fifty day moving average is $20.93 and its 200-day moving average is $22.56. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. As a group, equities research analysts predict that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in shares of Victoria’s Secret & Co. by 3.0% during the fourth quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock valued at $90,817,000 after purchasing an additional 98,882 shares during the last quarter. AQR Capital Management LLC boosted its position in Victoria’s Secret & Co. by 4.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock valued at $24,951,000 after buying an additional 61,693 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Victoria’s Secret & Co. by 18.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock valued at $31,650,000 after buying an additional 188,384 shares during the last quarter. Kettle Hill Capital Management LLC acquired a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $18,645,000. Finally, Invesco Ltd. raised its position in shares of Victoria’s Secret & Co. by 4.2% during the third quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock worth $11,009,000 after acquiring an additional 26,412 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.