Jacobs Levy Equity Management Inc. Takes $330,000 Position in Victoria's Secret & Co. (NYSE:VSCO)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,845 shares of the company's stock, valued at approximately $330,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new position in shares of Victoria's Secret & Co. in the second quarter worth $589,000. Forest Avenue Capital Management LP bought a new stake in shares of Victoria's Secret & Co. in the third quarter worth approximately $40,861,000. Aristeia Capital L.L.C. purchased a new position in shares of Victoria's Secret & Co. during the second quarter valued at approximately $1,171,000. MetLife Investment Management LLC boosted its holdings in Victoria's Secret & Co. by 129.1% in the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock worth $1,173,000 after purchasing an additional 25,723 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new stake in Victoria's Secret & Co. in the 2nd quarter worth approximately $408,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VSCO shares. Telsey Advisory Group reissued a "market perform" rating and set a $40.00 price target on shares of Victoria's Secret & Co. in a report on Friday. TD Cowen boosted their price target on Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a research note on Monday. Morgan Stanley increased their price objective on shares of Victoria's Secret & Co. from $23.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Bank of America upped their target price on shares of Victoria's Secret & Co. from $18.00 to $21.00 and gave the company an "underperform" rating in a report on Friday, August 30th. Finally, Jefferies Financial Group boosted their price objective on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Victoria's Secret & Co. currently has an average rating of "Hold" and an average price target of $36.73.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded down $0.93 on Tuesday, hitting $46.27. 1,441,995 shares of the company traded hands, compared to its average volume of 2,717,008. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The business has a 50-day simple moving average of $32.74 and a 200 day simple moving average of $24.94. Victoria's Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.70. The stock has a market capitalization of $3.63 billion, a P/E ratio of 24.10 and a beta of 2.19.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.86) EPS. Research analysts expect that Victoria's Secret & Co. will post 2.01 earnings per share for the current fiscal year.

About Victoria's Secret & Co.

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.