Victoria’s Secret & Co. (NYSE:VSCO) Sees Significant Decrease in Short Interest

Victoria’s Secret & Co. (NYSE:VSCO) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 6,250,000 shares, a decrease of 18.2% from the November 30th total of 7,640,000 shares. Based on an average trading volume of 2,120,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 8.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

VSCO has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $40.00 target price on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their target price for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Wells Fargo & Company restated an “equal weight” rating and set a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock traded up $0.50 during trading hours on Friday, hitting $42.26. The stock had a trading volume of 1,038,287 shares, compared to its average volume of 2,671,910. The company has a 50-day moving average of $37.96 and a two-hundred day moving average of $27.26. 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 fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a market cap of $3.32 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Victoria’s Secret & Co.’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.86) earnings per share. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

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