Victoria’s Secret & Co. (NYSE:VSCO) Trading Down 4.1% – Here’s What Happened

Victoria’s Secret & Co. (NYSE:VSCO)’s share price traded down 4.1% during mid-day trading on Monday . The company traded as low as $53.84 and last traded at $54.3860. 436,400 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,195,499 shares. The stock had previously closed at $56.70.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Friday, December 5th. Guggenheim began coverage on Victoria’s Secret & Co. in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Bank of America raised Victoria’s Secret & Co. from an “underperform” rating to a “neutral” rating and set a $52.00 price objective for the company in a research note on Monday, December 8th. The Goldman Sachs Group raised their target price on Victoria’s Secret & Co. from $32.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Finally, Zacks Research upgraded shares of Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $53.30.

Victoria’s Secret & Co. Trading Down 0.7%

The company has a current ratio of 1.30, a quick ratio of 0.38 and a debt-to-equity ratio of 1.96. The company has a market cap of $4.36 billion, a PE ratio of 26.47, a P/E/G ratio of 2.29 and a beta of 2.24. The company has a fifty day simple moving average of $40.35 and a two-hundred day simple moving average of $28.89.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Friday, December 5th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 33.47% and a net margin of 2.67%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.50) earnings per share. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. Analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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

Institutional investors and hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new position in Victoria’s Secret & Co. in the third quarter valued at $201,000. Eaton Financial Holdings Company LLC boosted its position in shares of Victoria’s Secret & Co. by 33.6% during the 3rd quarter. Eaton Financial Holdings Company LLC now owns 48,764 shares of the company’s stock worth $1,323,000 after acquiring an additional 12,273 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $1,769,000. Verition Fund Management LLC raised its position in shares of Victoria’s Secret & Co. by 32.1% during the 3rd quarter. Verition Fund Management LLC now owns 202,793 shares of the company’s stock worth $5,504,000 after acquiring an additional 49,330 shares in the last quarter. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $929,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.