Victoria’s Secret & Co. (NYSE:VSCO) Short Interest Update

Victoria’s Secret & Co. (NYSE:VSCO) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 9,550,000 shares, a growth of 39.2% from the February 28th total of 6,860,000 shares. Based on an average daily trading volume, of 3,110,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 13.9% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. cut their price target on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group decreased their price target on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. 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 issued a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $31.73.

Victoria’s Secret & Co. Trading Down 1.7 %

Shares of Victoria’s Secret & Co. stock traded down $0.31 during trading on Tuesday, reaching $18.27. The company’s stock had a trading volume of 3,584,692 shares, compared to its average volume of 2,782,694. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The firm’s 50-day moving average is $27.16 and its two-hundred day moving average is $32.07. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Activity at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the purchase, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. This trade represents a 0.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have acquired 1,291,473 shares of company stock worth $23,185,437. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Victoria’s Secret & Co. by 33.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock worth $6,435,000 after purchasing an additional 38,820 shares during the period. Tremblant Capital Group grew its stake in shares of Victoria’s Secret & Co. by 137.1% in the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock worth $22,787,000 after purchasing an additional 318,080 shares during the last quarter. State of Wyoming increased its holdings in Victoria’s Secret & Co. by 173.2% during the 4th quarter. State of Wyoming now owns 6,245 shares of the company’s stock valued at $259,000 after purchasing an additional 3,959 shares during the period. Finally, Shellback Capital LP bought a new position in Victoria’s Secret & Co. during the 4th quarter valued at approximately $3,728,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

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.