Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down to $17.55

Victoria’s Secret & Co. (NYSE:VSCO) shares gapped down before the market opened on Monday . The stock had previously closed at $17.55, but opened at $16.90. Victoria’s Secret & Co. shares last traded at $18.08, with a volume of 704,442 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Morgan Stanley cut Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Monday. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Wells Fargo & Company reduced their price target on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Barclays downgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $15.00 to $14.00 in a research report on Wednesday. Finally, Telsey Advisory Group decreased their target price on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Six analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.82.

Victoria’s Secret & Co. Stock Down 4.8 %

The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The company has a fifty day simple moving average of $19.33 and a 200-day simple moving average of $22.68. The firm has a market cap of $1.32 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 1.11 and a beta of 2.05.

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

Institutional Inflows and Outflows

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