Victoria’s Secret & Co. (NYSE:VSCO) Sees Significant Decrease in Short Interest

Victoria’s Secret & Co. (NYSE:VSCO) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 6,250,000 shares, a decrease of 18.2% from the November 30th total of 7,640,000 shares. Currently, 8.9% of the company’s shares are short sold. Based on an average trading volume of 2,120,000 shares, the days-to-cover ratio is presently 2.9 days.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO traded down $0.47 during trading on Tuesday, reaching $41.42. The stock had a trading volume of 1,299,055 shares, compared to its average volume of 2,662,266. The stock has a market cap of $3.26 billion, a PE ratio of 21.46, a P/E/G ratio of 2.88 and a beta of 2.19. The firm’s 50 day moving average price is $38.22 and its two-hundred day moving average price is $27.43. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last announced 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 business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned ($0.86) EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

Several large investors have recently added to or reduced their stakes in VSCO. The Manufacturers Life Insurance Company boosted its position in Victoria’s Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after acquiring an additional 412 shares during the period. Farther Finance Advisors LLC grew its position in Victoria’s Secret & Co. by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after buying an additional 835 shares in the last quarter. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the 3rd quarter valued at about $27,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Victoria’s Secret & Co. by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after buying an additional 1,280 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VSCO has been the subject of several research reports. BMO Capital Markets boosted their price objective on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Finally, Jefferies Financial Group raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Company Profile

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.