Short Interest in Victoria’s Secret & Co. (NYSE:VSCO) Declines By 24.0%

Victoria’s Secret & Co. (NYSE:VSCO) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 8,125,936 shares, a decrease of 24.0% from the November 30th total of 10,689,586 shares. Based on an average trading volume of 4,312,676 shares, the days-to-cover ratio is currently 1.9 days. Approximately 10.2% of the company’s shares are sold short. Approximately 10.2% of the company’s shares are sold short. Based on an average trading volume of 4,312,676 shares, the days-to-cover ratio is currently 1.9 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VSCO. Guggenheim assumed coverage on shares of Victoria’s Secret & Co. in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Victoria’s Secret & Co. in a report on Monday. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Monday, December 8th. Barclays restated an “overweight” rating and set a $47.00 price objective on shares of Victoria’s Secret & Co. in a research report on Monday, December 1st. Finally, Wells Fargo & Company set a $45.00 target price on Victoria’s Secret & Co. and gave the company an “equal weight” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.30.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock traded down $0.53 during trading on Wednesday, hitting $54.24. The company’s stock had a trading volume of 1,034,011 shares, compared to its average volume of 3,034,232. The company has a current ratio of 1.30, a quick ratio of 0.38 and a debt-to-equity ratio of 1.96. The company has a market cap of $4.35 billion, a PE ratio of 26.46, a P/E/G ratio of 2.27 and a beta of 2.24. The business has a fifty day moving average of $43.20 and a 200-day moving average of $30.25. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $56.95.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Friday, December 5th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.33. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 33.47% and a net margin of 2.67%.Victoria’s Secret & Co.’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted ($0.50) earnings per share. Victoria’s Secret & Co. has set its FY 2025 guidance at 2.400-2.650 EPS and its Q4 2025 guidance at 2.200-2.45 EPS. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Institutional investors have recently added to or reduced their stakes in the stock. Goldentree Asset Management LP raised its stake in shares of Victoria’s Secret & Co. by 71.8% during the 2nd quarter. Goldentree Asset Management LP now owns 2,989,087 shares of the company’s stock valued at $55,242,000 after purchasing an additional 1,249,065 shares during the period. Dimensional Fund Advisors LP boosted its stake in Victoria’s Secret & Co. by 10.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,501 shares of the company’s stock worth $69,187,000 after purchasing an additional 238,516 shares during the period. Cramer Rosenthal Mcglynn LLC grew its holdings in Victoria’s Secret & Co. by 32.0% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,363,850 shares of the company’s stock valued at $64,155,000 after buying an additional 572,844 shares in the last quarter. Primecap Management Co. CA grew its holdings in Victoria’s Secret & Co. by 1,586.7% during the 2nd quarter. Primecap Management Co. CA now owns 1,972,333 shares of the company’s stock valued at $36,528,000 after buying an additional 1,855,400 shares in the last quarter. Finally, Millennium Management LLC grew its position in Victoria’s Secret & Co. by 9,595.8% during the first quarter. Millennium Management LLC now owns 1,419,080 shares of the company’s stock worth $26,367,000 after buying an additional 1,404,444 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

About Victoria’s Secret & Co.

Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.

The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.