FengHe Fund Management Pte. Ltd. Takes $2.44 Million Position in Victoria's Secret & Co. (NYSE:VSCO)

FengHe Fund Management Pte. Ltd. purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 58,800 shares of the company's stock, valued at approximately $2,435,000. Victoria's Secret & Co. accounts for about 0.7% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 14th biggest holding. FengHe Fund Management Pte. Ltd. owned 0.07% of Victoria's Secret & Co. at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Victoria's Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after acquiring an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth approximately $40,861,000. Two Sigma Advisers LP increased its position in shares of Victoria's Secret & Co. by 172.0% during the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock worth $12,927,000 after purchasing an additional 318,099 shares during the last quarter. Castellan Group acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth approximately $6,218,000. Finally, Weiss Asset Management LP acquired a new position in shares of Victoria's Secret & Co. during the 3rd quarter worth approximately $4,397,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on VSCO shares. JPMorgan Chase & Co. raised Victoria's Secret & Co. from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $29.00 to $45.00 in a report on Monday, December 9th. BMO Capital Markets upped their price objective on Victoria's Secret & Co. from $33.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Morgan Stanley decreased their price objective on Victoria's Secret & Co. from $44.00 to $40.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Barclays raised Victoria's Secret & Co. from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $51.00 to $53.00 in a report on Tuesday, January 28th. Finally, Telsey Advisory Group decreased their price objective on Victoria's Secret & Co. from $50.00 to $40.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and an average price target of $42.36.

Victoria's Secret & Co. Price Performance

VSCO traded down $0.22 on Thursday, reaching $29.81. The stock had a trading volume of 181,380 shares, compared to its average volume of 1,875,189. Victoria's Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The firm has a 50-day moving average of $38.18 and a 200-day moving average of $32.10. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.22 and a beta of 2.11.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.62) by $0.12. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the firm earned ($0.86) EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.