Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down – Time to Sell?

Victoria’s Secret & Co. (NYSE:VSCO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $37.90, but opened at $33.75. Victoria’s Secret & Co. shares last traded at $36.27, with a volume of 992,708 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. BMO Capital Markets raised their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their target price for the company from $29.00 to $45.00 in a research note on Monday, December 9th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $45.00 price objective (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average target price of $40.09.

Victoria’s Secret & Co. Stock Down 5.0 %

The stock has a fifty day moving average of $40.63 and a 200-day moving average of $30.46. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.28 and a beta of 2.14. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business posted ($0.86) EPS. Victoria’s Secret & Co.’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Several hedge funds have recently made changes to their positions in the company. TriaGen Wealth Management LLC purchased a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $713,000. Oliver Luxxe Assets LLC purchased a new position in Victoria’s Secret & Co. during the fourth quarter valued at approximately $1,963,000. Nisa Investment Advisors LLC increased its stake in Victoria’s Secret & Co. by 23.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock valued at $716,000 after buying an additional 3,277 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Victoria’s Secret & Co. in the 4th quarter worth approximately $206,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at $236,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.