As of Wednesday, Victoria’s Secret & Co.’s (NYSE:VSCO) stock closed at $47.46, up from $47.01 the previous day. While Victoria’s Secret & Co. has overperformed by 0.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VSCO fell by -16.04%, with highs and lows ranging from $65.20 to $26.14, whereas the simple moving average jumped by 15.18% in the last 200 days.
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On August 01, 2022, Cowen started tracking Victoria’s Secret & Co. (NYSE: VSCO) recommending Market Perform. A report published by Telsey Advisory Group on July 13, 2022, Reiterated its previous ‘Market Perform’ rating for VSCO. UBS also rated VSCO shares as ‘Neutral’, setting a target price of $59 on the company’s shares in an initiating report dated January 24, 2022. Jefferies Initiated an Buy rating on November 30, 2021, and assigned a price target of $75. Wells Fargo resumed its ‘Overweight’ rating for VSCO, as published in its report on November 18, 2021. BofA Securities’s report from November 18, 2021 suggests a price prediction of $85 for VSCO shares, giving the stock a ‘Buy’ rating. Barclays also rated the stock as ‘Overweight’.
Analysis of Victoria’s Secret & Co. (VSCO)
Further, the quarter-over-quarter decrease in sales is -5.80%, showing a negative trend in the upcoming months.
One of the most important indicators of Victoria’s Secret & Co.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 192.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and VSCO is recording 1.26M average volume. On a monthly basis, the volatility of the stock is set at 5.23%, whereas on a weekly basis, it is put at 4.80%, with a gain of 12.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $45.09, showing decline from the present price of $47.46, which can serve as yet another indication of whether VSCO is worth investing in or should be passed over.
How Do You Analyze Victoria’s Secret & Co. Shares?
The Apparel Retail market is dominated by Victoria’s Secret & Co. (VSCO) based in the USA. When comparing Victoria’s Secret & Co. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.00, there is a growth in quarterly earnings of -51.50%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 93.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in VSCO shares?
The recent increase in stakes in VSCO appears to be a result of several institutional investors and hedge funds increasing their positions. Fidelity Management & Research Co’s position in VSCO has increased by 6.16% in the first quarter. The company now owns 9,976,841 shares of the stock, with a value of $375.13 million, following the purchase of 579,149 additional shares during the last quarter. The WindAcre Partnership LLC made another increased to its shares in VSCO during the first quarter, upping its stake by 1.34%. During the last quarter, the company dropped down 100,000 additional shares for a total stake of worth $283.85 million, bringing number of shares owned by the company to 7,549,300.
During the first quarter, The Vanguard Group, Inc. subtracted a -335,261 position in VSCO. BlackRock Fund Advisors purchased an additional 0.77 million shares in the last quarter, increasing its holdings by 13.96%, now holding 6.32 million shares worth $237.52 million. At the end of the first quarter, Wellington Management Co. LLP decreased its VSCO holdings by -17.66% and now holds 3.23 million VSCO shares valued at $121.45 million with the lessened -0.69 million shares during the period. VSCO shares are owned by institutional investors to the tune of 93.00% at present.