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

Victoria’s Secret & Co. (NYSE:VSCO) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 8,750,000 shares, a drop of 19.9% from the May 15th total of 10,930,000 shares. Based on an average daily trading volume, of 2,840,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 12.5% of the company’s stock are sold short.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $41,000. Harvest Fund Management Co. Ltd acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $58,000. Frazier Financial Advisors LLC acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $76,000. Arena Capital Advisors LLC CA acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $106,000. Finally, Quadrant Capital Group LLC lifted its holdings in Victoria’s Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock worth $107,000 after purchasing an additional 790 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO traded up $0.16 during mid-day trading on Friday, reaching $17.72. The company’s stock had a trading volume of 1,978,572 shares, compared to its average volume of 3,030,544. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The stock has a market cap of $1.39 billion, a P/E ratio of 13.63, a PEG ratio of 1.09 and a beta of 2.16. The business has a 50-day simple moving average of $19.33 and a two-hundred day simple moving average of $22.85. The company has a current ratio of 0.97, a quick ratio of 0.34 and a debt-to-equity ratio of 2.51.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 1.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VSCO. Barclays raised their price target on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Friday, June 7th. Telsey Advisory Group restated a “market perform” rating and issued a $20.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday, June 6th. The Goldman Sachs Group began coverage on Victoria’s Secret & Co. in a research note on Thursday, April 25th. They issued a “sell” rating and a $14.00 price target for the company. BMO Capital Markets decreased their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Finally, Wells Fargo & Company decreased their price target on 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. Six investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.50.

About Victoria’s Secret & Co.

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.