Victoria’s Secret & Co. (NYSE:VSCO) shares traded -3.27% lower at $19.82 on Wall Street last session.
In accordance with the data, 10 analysts cover Victoria’s Secret & Co. (NYSE:VSCO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $16.00, we find $21.00. Given the previous closing price of $20.49, this indicates a potential upside of 2.49 percent. VSCO stock price is now 0.45% away from the 50-day moving average and -39.28% away from the 200-day moving average. The market capitalization of the company currently stands at $1.52B.
It has been rated a hold by 5 analysts and a buy by 4. Brokers who have rated the stock have averaged $22.90 as their price target over the next twelve months.
With the price target maintained at $35, Barclays recently Downgraded its rating from Overweight to Equal Weight for Victoria’s Secret & Co. (NYSE: VSCO).
In other news, BBRC INTERNATIONAL PTE LTD, Former 10% Owner sold 238,645 shares of the company’s stock on Feb 02. The stock was sold for $11,027,499 at an average price of $46.21. Upon completion of the transaction, the Former 10% Owner now directly owns 7,763,409 shares in the company, valued at $153.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Former 10% Owner BBRC INTERNATIONAL PTE LTD sold 116,750 shares of the business’s stock. A total of $5,381,358 was realized by selling the stock at an average price of $46.09. This leaves the insider owning 8,002,054 shares of the company worth $158.6 million. Insiders disposed of 510,071 shares of company stock worth roughly $10.11 million over the past 1 year. A total of 10.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VSCO stock. A new stake in Victoria’s Secret & Co. shares was purchased by GOLDENTREE ASSET MANAGEMENT LP during the first quarter worth $11,099,000. SCHONFELD STRATEGIC ADVISORS LLC invested $5,817,000 in shares of VSCO during the first quarter. In the first quarter, NOMURA HOLDINGS INC acquired a new stake in Victoria’s Secret & Co. valued at approximately $5,634,000. CONTRARIUS INVESTMENT MANAGEMENT LTD acquired a new stake in VSCO for approximately $5,376,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in VSCO valued at around $4,039,000 in the second quarter. In total, there are 375 active investors with 93.40% ownership of the company’s stock.
Victoria’s Secret & Co. (NYSE: VSCO) opened at $20.47 on Tuesday. During the past 12 months, Victoria’s Secret & Co. has had a low of $16.78 and a high of $48.16. As of last week, the company has a debt-to-equity ratio of 4.81, a current ratio of 1.00, and a quick ratio of 0.30. The fifty day moving average price for VSCO is $19.60 and a two-hundred day moving average price translates $32.58 for the stock.
The latest earnings results from Victoria’s Secret & Co. (NYSE: VSCO) was released for Apr, 2023. According to the Apparel Retail Company, earnings per share came in at $0.28, missing analysts’ expectations of $0.54 by -0.26. This compares to $0.87 EPS in the same period last year. The net profit margin was 4.30% and return on equity was 94.90% for VSCO. The company reported revenue of $1.41 billion for the quarter, compared to $1.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.19 percent. For the current quarter, analysts expect VSCO to generate $1.44B in revenue.
Victoria’s Secret & Co.(VSCO) Company Profile
Victoria’s Secret & Co. operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide. It offers intimate apparel, bras, panties, lingerie, sleepwear, loungewear, athletic attire, swimwear, and sport and swim products, as well as beauty products, including fine fragrance, mists, and PINK Beauty products and accessories under the Victoria’s Secret, PINK, Victoria’s Secret Beauty, and Adore Me brands. The company provides its products through its retail stores; websites, such as VictoriasSecret.com, PINK.com, and AdoreMe.com; and other online channels. It also operates stores under the franchise, license, and wholesale arrangements. The company was incorporated in 2021 and is headquartered in Reynoldsburg, Ohio.
