Victoria’s Secret & Co. (NYSE:VSCO) Sees Unusually-High Trading Volume – Time to Buy?

Victoria’s Secret & Co. (NYSE:VSCO) saw unusually-strong trading volume on Thursday . Approximately 2,597,045 shares changed hands during trading, a decline of 7% from the previous session’s volume of 2,784,573 shares.The stock last traded at $15.41 and had previously closed at $19.22.

Analysts Set New Price Targets

A number of research firms have commented on VSCO. The Goldman Sachs Group decreased their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. UBS Group lowered their price target on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. BMO Capital Markets cut their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average target price of $31.73.

Victoria’s Secret & Co. Price Performance

The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $1.21 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The firm’s 50 day simple moving average is $26.77 and its 200 day simple moving average is $31.98.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 1,291,473 shares of company stock worth $23,185,437 in the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Virtus Fund Advisers LLC bought a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $27,000. CoreCap Advisors LLC grew its holdings in Victoria’s Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after acquiring an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Victoria’s Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after purchasing an additional 1,682 shares during the period. Canada Pension Plan Investment Board increased its position in Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $112,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Company Profile

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.