Short Interest in Victoria’s Secret & Co. (NYSE:VSCO) Grows By 28.1%

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 6,200,000 shares, an increase of 28.1% from the May 15th total of 4,840,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 8.2% of the shares of the company are short sold.

VSCO has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Victoria’s Secret & Co. from $71.00 to $57.00 in a report on Wednesday, June 1st. Barclays lowered their target price on shares of Victoria’s Secret & Co. from $61.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, June 2nd. Wells Fargo & Company decreased their price target on shares of Victoria’s Secret & Co. from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 1st. BMO Capital Markets cut their price target on shares of Victoria’s Secret & Co. from $80.00 to $72.00 in a report on Thursday, March 3rd. Finally, UBS Group dropped their target price on shares of Victoria’s Secret & Co. from $59.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, June 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $62.91.

In other news, CEO Amy Hauk sold 2,657 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $50.64, for a total transaction of $134,550.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.95% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its holdings in Victoria’s Secret & Co. by 774.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock worth $33,000 after purchasing an additional 565 shares during the period. Bessemer Group Inc. grew its position in Victoria’s Secret & Co. by 10,416.7% in the fourth quarter. Bessemer Group Inc. now owns 631 shares of the company’s stock worth $35,000 after acquiring an additional 625 shares during the period. AlphaCentric Advisors LLC purchased a new position in Victoria’s Secret & Co. in the fourth quarter worth approximately $35,000. UMB Bank N A MO purchased a new position in Victoria’s Secret & Co. in the fourth quarter worth approximately $45,000. Finally, NEXT Financial Group Inc grew its position in Victoria’s Secret & Co. by 606.2% in the fourth quarter. NEXT Financial Group Inc now owns 918 shares of the company’s stock worth $51,000 after acquiring an additional 788 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Shares of NYSE VSCO traded down $2.78 during trading on Thursday, reaching $30.65. The company had a trading volume of 48,932 shares, compared to its average volume of 1,496,713. Victoria’s Secret & Co. has a 12-month low of $32.67 and a 12-month high of $76.00. The stock has a market cap of $2.55 billion and a PE ratio of 5.44. The business’s 50-day moving average is $45.15 and its 200 day moving average is $50.55. The company has a quick ratio of 0.32, a current ratio of 1.04 and a debt-to-equity ratio of 3.89.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last issued its earnings results on Tuesday, May 31st. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.27. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.47 billion. Victoria’s Secret & Co. had a return on equity of 138.53% and a net margin of 8.24%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, analysts anticipate that Victoria’s Secret & Co. will post 6.95 earnings per share for the current year.

Victoria’s Secret & Co. Company Profile (Get Rating)

Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

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