MetLife Investment Management LLC Has $1.17 Million Stock Holdings in Victoria's Secret & Co. (NYSE:VSCO)

MetLife Investment Management LLC increased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 129.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,652 shares of the company's stock after acquiring an additional 25,723 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Victoria's Secret & Co. worth $1,173,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VSCO. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria's Secret & Co. in the 3rd quarter valued at approximately $40,861,000. Blueshift Asset Management LLC raised its stake in Victoria's Secret & Co. by 272.5% during the 3rd quarter. Blueshift Asset Management LLC now owns 62,803 shares of the company's stock valued at $1,614,000 after purchasing an additional 45,942 shares during the period. Millrace Asset Group Inc. purchased a new stake in shares of Victoria's Secret & Co. in the third quarter valued at $921,000. FMR LLC lifted its holdings in shares of Victoria's Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after purchasing an additional 1,636,602 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Victoria's Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock worth $1,079,000 after buying an additional 412 shares during the period. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Stock Up 11.6 %

NYSE:VSCO traded up $5.00 during trading hours on Friday, reaching $48.02. The company's stock had a trading volume of 6,017,096 shares, compared to its average volume of 1,905,661. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 24.88 and a beta of 2.19. Victoria's Secret & Co. has a one year low of $15.12 and a one year high of $48.70. The business's 50-day moving average is $32.31 and its 200-day moving average is $24.70.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Victoria's Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The firm's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.86) EPS. Equities research analysts predict that Victoria's Secret & Co. will post 2.01 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on VSCO. Barclays raised Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen increased their price target on shares of Victoria's Secret & Co. from $20.00 to $26.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Morgan Stanley raised their price target on shares of Victoria's Secret & Co. from $23.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group upped their price objective on shares of Victoria's Secret & Co. from $13.00 to $18.00 and gave the company a "sell" rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and a consensus target price of $28.64.

Victoria's Secret & Co. Profile

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.