Stocks of Victoria’s Secret & Co (NYSE:VSCO) traded higher last session on Wall Street, up 0.65% to $21.70.
VSCO stock price is now 16.69% away from the 50-day moving average and 2.50% away from the 200-day moving average. The market capitalization of the company currently stands at $1.70B.
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With the price target maintained at $14, Barclays recently Downgraded its rating from Equal Weight to Underweight for Victoria’s Secret & Co (NYSE: VSCO). On May 06, 2024, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $19 to quote $15, while ‘Goldman’ rates the stock as ‘Sell’
In other news, JOHNSON TIMOTHY A, CFO & CAO bought 20,000 shares of the company’s stock on Sep 13 ’23. The stock was bought for $343,210 at an average price of $17.16. Upon completion of the transaction, the CFO & CAO now directly owns 94,765 shares in the company, valued at $2.06 million. A total of 10.89% of the company’s stock is owned by insiders.
During the past 12 months, Victoria’s Secret & Co has had a low of $13.62 and a high of $30.80. As of last week, the company has a debt-to-equity ratio of 6.48, a current ratio of 0.95, and a quick ratio of 0.34.
The net profit margin was 1.78% and return on equity was 27.52% for VSCO. The company reported revenue of $2.08 billion for the quarter, compared to $2.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.07 percent.
