Victoria's Secret & Co. (NYSE:VSCO – Get Rating) shares were down 4.8% during trading on Friday . The stock traded as low as $28.03 and last traded at $28.10. Approximately 4,012 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 1,224,867 shares. The stock had previously closed at $29.51.
Analysts Set New Price Targets
Several analysts have recently commented on VSCO shares. Cowen started coverage on Victoria's Secret & Co. in a report on Monday, August 1st. They issued a "market perform" rating and a $40.00 price target for the company. JPMorgan Chase & Co. raised their price target on Victoria's Secret & Co. from $48.00 to $51.00 in a report on Friday, September 16th. Morgan Stanley reduced their price objective on Victoria's Secret & Co. from $51.00 to $40.00 and set an "equal weight" rating for the company in a report on Friday, August 26th. Cowen began coverage on Victoria's Secret & Co. in a report on Monday, August 1st. They set a "market perform" rating and a $40.00 price objective for the company. Finally, UBS Group lifted their price objective on Victoria's Secret & Co. from $31.00 to $41.00 and gave the stock a "neutral" rating in a report on Monday, August 15th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Victoria's Secret & Co. presently has an average rating of "Moderate Buy" and an average target price of $53.08.
Get Victoria's Secret & Co. alerts:Victoria's Secret & Co. Stock Down 1.3 %
The company has a debt-to-equity ratio of 3.63, a current ratio of 1.07 and a quick ratio of 0.32. The firm has a 50-day simple moving average of $35.06 and a two-hundred day simple moving average of $39.52. The company has a market cap of $2.37 billion and a PE ratio of 5.53.
Victoria's Secret & Co. (NYSE:VSCO – Get Rating) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.14. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.56 billion. Victoria's Secret & Co. had a return on equity of 198.36% and a net margin of 7.13%. Victoria's Secret & Co.'s revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.71 earnings per share. Research analysts anticipate that Victoria's Secret & Co. will post 4.6 earnings per share for the current fiscal year.Institutional Investors Weigh In On Victoria's Secret & Co.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky grew its position in shares of Victoria's Secret & Co. by 0.6% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 48,668 shares of the company's stock valued at $2,500,000 after purchasing an additional 268 shares during the period. Profund Advisors LLC grew its position in shares of Victoria's Secret & Co. by 7.0% in the first quarter. Profund Advisors LLC now owns 4,414 shares of the company's stock valued at $227,000 after purchasing an additional 288 shares during the period. Captrust Financial Advisors grew its position in shares of Victoria's Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company's stock valued at $44,000 after purchasing an additional 329 shares during the period. Everett Harris & Co. CA grew its position in shares of Victoria's Secret & Co. by 3.3% in the first quarter. Everett Harris & Co. CA now owns 11,061 shares of the company's stock valued at $568,000 after purchasing an additional 352 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in shares of Victoria's Secret & Co. by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the company's stock valued at $957,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 96.39% of the company's stock.
Victoria's Secret & Co. Company Profile
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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.
Further Reading
- Get a free copy of the StockNews.com research report on Victoria's Secret & Co. (VSCO)
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