Investors Buy High Volume of Victoria’s Secret & Co. Call Options (NYSE:VSCO)

Victoria’s Secret & Co. (NYSE:VSCO) saw unusually large options trading on Monday. Traders purchased 4,754 call options on the stock. This represents an increase of 146% compared to the typical daily volume of 1,936 call options.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $23.37 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a 50 day simple moving average of $35.04 and a 200-day simple moving average of $32.64. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.15 and a beta of 2.11. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted ($0.86) earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased 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 worth $144,000 after purchasing an additional 326 shares in the last quarter. The Manufacturers Life Insurance Company increased 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 purchasing an additional 412 shares in the last quarter. Picton Mahoney Asset Management raised its stake in Victoria’s Secret & Co. by 6.5% in the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock valued at $322,000 after purchasing an additional 477 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Victoria’s Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock valued at $340,000 after purchasing an additional 522 shares in the last quarter. Finally, Mariner LLC raised its position in shares of Victoria’s Secret & Co. by 3.0% in the fourth quarter. Mariner LLC now owns 19,307 shares of the company’s stock valued at $800,000 after buying an additional 569 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VSCO shares. Wells Fargo & Company decreased their target price on shares of Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. UBS Group decreased their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Jefferies Financial Group boosted their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their target price for the company from $29.00 to $45.00 in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.18.

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.