Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Down – Time to Sell?

Victoria’s Secret & Co. (NYSE:VSCO)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $43.90, but opened at $42.81. Victoria’s Secret & Co. shares last traded at $43.68, with a volume of 258,366 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VSCO. Wells Fargo & Company increased their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. 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 research report on Tuesday, November 12th. TD Cowen upped their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 30th. UBS Group increased their target price on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the company a “sell” rating in a research note on Thursday. Finally, Telsey Advisory Group boosted their price target on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus price target of $27.45.

Victoria’s Secret & Co. Price Performance

The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The firm’s fifty day moving average is $31.53 and its two-hundred day moving average is $24.38. The company has a market cap of $3.45 billion, a P/E ratio of 25.40 and a beta of 2.19.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $40,861,000. AQR Capital Management LLC lifted its position in Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after buying an additional 1,368,103 shares during the last quarter. Marshall Wace LLP boosted its stake in Victoria’s Secret & Co. by 1,218.1% during the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after buying an additional 571,295 shares during the period. Finally, Lombard Odier Asset Management USA Corp boosted its stake in shares of Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after purchasing an additional 511,573 shares during the period. 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 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.