Victoria’s Secret & Co. (NYSE:VSCO) Reaches New 12-Month High – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $39.72 and last traded at $39.33, with a volume of 49699 shares changing hands. The stock had previously closed at $38.84.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VSCO. Jefferies Financial Group boosted their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley increased their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. The Goldman Sachs Group upped their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company raised their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus price target of $27.60.

Victoria’s Secret & Co. Stock Performance

The stock has a market capitalization of $3.29 billion, a P/E ratio of 24.36 and a beta of 2.19. 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 50-day moving average of $30.87 and a 200 day moving average of $24.11.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after purchasing an additional 412 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Victoria’s Secret & Co. by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock valued at $663,000 after buying an additional 715 shares in the last quarter. Farther Finance Advisors LLC grew its position in Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after acquiring an additional 835 shares during the period. Louisiana State Employees Retirement System raised its stake in Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Virtus Fund Advisers LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at $27,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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.