Victoria’s Secret & Co. (NYSE:VSCO) Short Interest Update

Victoria’s Secret & Co. (NYSE:VSCO) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,250,000 shares, a drop of 18.2% from the November 30th total of 7,640,000 shares. Based on an average daily volume of 2,120,000 shares, the short-interest ratio is presently 2.9 days. Currently, 8.9% of the shares of the company are sold short.

Victoria’s Secret & Co. Price Performance

Shares of VSCO traded down $0.37 during mid-day trading on Monday, reaching $41.89. 1,614,226 shares of the company’s stock were exchanged, compared to its average volume of 2,667,697. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.88 and a beta of 2.19. The company has a 50-day simple moving average of $37.96 and a two-hundred day simple moving average of $27.26.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted ($0.86) earnings per share. Victoria’s Secret & Co.’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $27,000. Blue Trust Inc. lifted its stake in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. during the second quarter worth approximately $50,000. Quarry LP grew its stake in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

VSCO has been the subject of several recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Jefferies Financial Group raised their target price 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. TD Cowen upped their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $29.00 to $45.00 in a research note on Monday, December 9th. Finally, BMO Capital Markets boosted their price objective on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.73.

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.