Victoria’s Secret & Co. (NYSE:VSCO) Shares Down 4.3% – Here’s Why

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price was down 4.3% during trading on Thursday . The stock traded as low as $62.30 and last traded at $62.2350. Approximately 721,109 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 1,907,363 shares. The stock had previously closed at $65.04.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research upgraded Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. TD Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Monday, December 8th. Jefferies Financial Group lifted their price objective on Victoria’s Secret & Co. from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Guggenheim started coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company. Finally, The Goldman Sachs Group boosted their price target on shares of Victoria’s Secret & Co. from $32.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. One research 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 given a Sell rating to the stock. According to MarketBeat, Victoria’s Secret & Co. has an average rating of “Moderate Buy” and a consensus target price of $54.60.

Victoria’s Secret & Co. Stock Down 4.3%

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 stock has a market cap of $4.99 billion, a PE ratio of 30.35, a P/E/G ratio of 2.55 and a beta of 2.21. The business has a 50 day moving average of $50.79 and a 200-day moving average of $34.57.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Friday, December 5th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.33. Victoria’s Secret & Co. had a net margin of 2.67% and a return on equity of 33.47%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned ($0.50) EPS. Victoria’s Secret & Co.’s revenue for the quarter was up 9.2% on a year-over-year basis. 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. Equities research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. acquired a new position in shares of Victoria’s Secret & Co. during the 1st quarter worth $233,000. Royal Bank of Canada increased its holdings in Victoria’s Secret & Co. by 279.1% in the first quarter. Royal Bank of Canada now owns 47,839 shares of the company’s stock valued at $888,000 after buying an additional 35,220 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Victoria’s Secret & Co. by 2.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,949 shares of the company’s stock valued at $1,170,000 after acquiring an additional 1,797 shares during the period. GAMMA Investing LLC raised its holdings in Victoria’s Secret & Co. by 270.6% during the second quarter. GAMMA Investing LLC now owns 9,105 shares of the company’s stock worth $169,000 after purchasing an additional 6,648 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Victoria’s Secret & Co. by 75.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,801 shares of the company’s stock valued at $89,000 after acquiring an additional 2,062 shares during the last quarter. 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.