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

Shares of Victoria’s Secret & Co. (NYSE:VSCO) 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.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. in a report on Thursday, April 25th. They set a “sell” rating and a $14.00 price objective for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 price target (down from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Wells Fargo & Company reduced their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Morgan Stanley downgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $19.00 to $15.00 in a report on Monday. Finally, Bank of America restated an “underperform” rating and issued a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.36.

Victoria’s Secret & Co. Stock Up 2.5 %

The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The firm has a market capitalization of $1.40 billion, a PE ratio of 13.15, a P/E/G ratio of 1.11 and a beta of 2.05. The company has a 50-day moving average price of $19.79 and a 200 day moving average price of $22.70.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.09 billion. Analysts forecast that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at approximately $41,000. Harvest Fund Management Co. Ltd purchased a new position in Victoria’s Secret & Co. during the fourth quarter valued at $58,000. Frazier Financial Advisors LLC purchased a new position in Victoria’s Secret & Co. in the 4th quarter valued at about $76,000. Systematic Alpha Investments LLC acquired a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $58,000. Finally, Arena Capital Advisors LLC CA purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $106,000. 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.