Victoria’s Secret & Co. (NYSE: VSCO) stock jumped 3.82% on Friday to $18.49 against a previous-day closing price of $17.81. With 5.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.37 million shares. During the session, the Apparel Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.84 whereas the lowest price it dropped to was $17.13. The 52-week range on VSCO shows that it touched its highest point at $48.16 and its lowest point at $16.53 during that stretch. It currently has a 1-year price target of $20.33. Beta for the stock currently stands at 2.03.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VSCO was up-trending over the past week, with a rise of 11.65%, but this was down by -13.92% over a month. Three-month performance dropped to -6.57% while six-month performance fell -39.93%. The stock lost -44.42% in the past year, while it has lost -48.32% so far this year. A look at the trailing 12-month EPS for VSCO yields 2.42 with Next year EPS estimates of 2.53. For the next quarter, that number is -0.79. This implies an EPS growth rate of -42.30% for this year and 20.74% for next year.
Float and Shares Shorts:
At present, 77.00 million VSCO shares are outstanding with a float of 69.35 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.84 million, which was 15.32% higher than short shares on Jul 30, 2023. In addition to CSCO as the firm’s Cisco Systems, Inc., TSCO serves as its Tractor Supply Company.
Through their ownership of 98.52% of VSCO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.56% of VSCO, in contrast to 43.91% held by mutual funds. Shares owned by individuals account for 126.40%. As the largest shareholder in VSCO with 12.46% of the stake, BlackRock Fund Advisors holds 9,609,174 shares worth 9,609,174. A second-largest stockholder of VSCO, The Vanguard Group, Inc., holds 8,585,362 shares, controlling over 11.13% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in VSCO, holding 7,996,259 shares or 10.37% stake. With a 7.20% stake in VSCO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,550,780 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.25% of VSCO stock, is the second-largest Mutual Fund holder. It holds 2,506,765 shares valued at 48.08 million. Fidelity Value Fund holds 2.81% of the stake in VSCO, owning 2,171,133 shares worth 41.64 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VSCO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VSCO analysts setting a high price target of $25.00 and a low target of $15.00, the average target price over the next 12 months is $20.40. Based on these targets, VSCO could surge 35.21% to reach the target high and fall by -18.88% to reach the target low. Reaching the average price target will result in a growth of 10.33% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded VSCO stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 41,806 shares were bought while 178 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 404,706 while 509,264 shares were sold.