Oppenheimer Asset Management Inc. Purchases Shares of 14,017 Victoria's Secret & Co. (NYSE:VSCO)

Oppenheimer Asset Management Inc. purchased a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,017 shares of the company's stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of Victoria's Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock valued at $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Victoria's Secret & Co. by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company's stock worth $32,834,000 after buying an additional 258,059 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Victoria's Secret & Co. by 13.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company's stock valued at $16,206,000 after buying an additional 109,013 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Victoria's Secret & Co. by 16.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company's stock valued at $11,529,000 after acquiring an additional 91,712 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Victoria's Secret & Co. by 1,218.1% in the second quarter. Marshall Wace LLP now owns 618,195 shares of the company's stock worth $10,924,000 after acquiring an additional 571,295 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria's Secret & Co. Trading Down 0.6 %

Shares of NYSE VSCO traded down $0.20 during trading hours on Wednesday, reaching $36.05. The stock had a trading volume of 1,975,683 shares, compared to its average volume of 2,724,620. Victoria's Secret & Co. has a 52-week low of $15.12 and a 52-week high of $37.72. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 20.96 and a beta of 2.10. The business's fifty day moving average price is $28.72 and its two-hundred day moving average price is $23.07. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. Victoria's Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Analysts expect that Victoria's Secret & Co. will post 1.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VSCO shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.00 price objective on shares of Victoria's Secret & Co. in a research note on Thursday, October 17th. Morgan Stanley lifted their price objective on shares of Victoria's Secret & Co. from $20.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Friday, August 30th. Barclays raised shares of Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. The Goldman Sachs Group raised their target price on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the stock a "sell" rating in a report on Friday, August 30th. Finally, Jefferies Financial Group upped their price target on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $26.30.

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.