Polar Asset Management Partners Inc. Has $2.80 Million Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Polar Asset Management Partners Inc. raised its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 33.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,000 shares of the company's stock after buying an additional 27,500 shares during the period. Polar Asset Management Partners Inc. owned 0.14% of Victoria's Secret & Co. worth $2,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP bought a new stake in shares of Victoria's Secret & Co. during the 2nd quarter valued at $589,000. Forest Avenue Capital Management LP acquired a new stake in Victoria's Secret & Co. during the 3rd quarter valued at approximately $40,861,000. Aristeia Capital L.L.C. bought a new position in Victoria's Secret & Co. during the second quarter worth $1,171,000. Alpha DNA Investment Management LLC bought a new stake in shares of Victoria's Secret & Co. in the 2nd quarter valued at $408,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Victoria's Secret & Co. by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company's stock valued at $11,529,000 after purchasing an additional 91,712 shares during the period. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock traded up $5.00 on Friday, reaching $48.02. 6,000,708 shares of the stock were exchanged, compared to its average volume of 2,719,425. Victoria's Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.70. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The business has a fifty day moving average price of $31.87 and a two-hundred day moving average price of $24.51. The firm has a market capitalization of $3.77 billion, a PE ratio of 26.77 and a beta of 2.19.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VSCO shares. Bank of America boosted 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 research note on Friday, August 30th. Barclays upgraded Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. BMO Capital Markets boosted their target price on Victoria's Secret & Co. from $33.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday. Telsey Advisory Group restated a "market perform" rating and issued a $40.00 price objective on shares of Victoria's Secret & Co. in a report on Friday. Finally, Wells Fargo & Company raised their price objective on shares of Victoria's Secret & Co. from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $28.64.

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.