Victoria’s Secret & Co. (NYSE:VSCO) Stock Price Down 3.7% – Time to Sell?

Victoria’s Secret & Co. (NYSE:VSCO) traded down 3.7% on Thursday . The company traded as low as $20.06 and last traded at $20.21. 298,885 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 2,943,572 shares. The stock had previously closed at $20.99.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price target on shares of Victoria’s Secret & Co. from $23.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Wells Fargo & Company reiterated an “underweight” rating and issued a $15.00 price target (up previously from $12.00) on shares of Victoria’s Secret & Co. in a research note on Wednesday, May 14th. Wall Street Zen upgraded Victoria’s Secret & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Finally, BMO Capital Markets decreased their price target on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.18.

Victoria’s Secret & Co. Stock Up 2.7%

The firm’s fifty day moving average price is $19.33 and its 200-day moving average price is $29.33. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 1.15 and a beta of 2.25. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the purchase, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This trade represents a 0.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 1,503,973 shares of company stock valued at $26,617,312 over the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Trading of Victoria’s Secret & Co.

Several institutional investors have recently modified their holdings of the business. Picton Mahoney Asset Management grew its stake in shares of Victoria’s Secret & Co. by 6.5% in the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock worth $322,000 after purchasing an additional 477 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Victoria’s Secret & Co. by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock valued at $340,000 after acquiring an additional 522 shares during the last quarter. Mariner LLC boosted its position in Victoria’s Secret & Co. by 3.0% during the fourth quarter. Mariner LLC now owns 19,307 shares of the company’s stock valued at $800,000 after acquiring an additional 569 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Victoria’s Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC boosted its position in Victoria’s Secret & Co. by 6.2% during the first quarter. CWM LLC now owns 16,660 shares of the company’s stock valued at $310,000 after acquiring an additional 975 shares during the last quarter. 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.