Victoria’s Secret & Co. (NYSE:VSCO) Shares Gap Up – Here’s Why

Victoria’s Secret & Co. (NYSE:VSCO)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $38.33, but opened at $39.75. Victoria’s Secret & Co. shares last traded at $38.94, with a volume of 403,532 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $40.00 target price on shares of Victoria’s Secret & Co. in a research report on Friday, December 6th. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $47.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $45.00 in a report on Monday, December 9th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 target price (up from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. Finally, Morgan Stanley cut their target price on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.55.

Victoria’s Secret & Co. Stock Down 1.6 %

The business’s 50 day simple moving average is $40.58 and its 200 day simple moving average is $30.12. The company has a market capitalization of $2.97 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.28 and a beta of 2.14. 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. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned ($0.86) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Victoria’s Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after buying an additional 326 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of 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 purchasing an additional 412 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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. in the third quarter worth approximately $27,000. Finally, Blue Trust Inc. raised its position in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares in the last quarter. 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.