TriaGen Wealth Management LLC Makes New Investment in Victoria's Secret & Co. (NYSE:VSCO)

TriaGen Wealth Management LLC purchased a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,213 shares of the company's stock, valued at approximately $713,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Victoria's Secret & Co. by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company's stock valued at $16,206,000 after purchasing an additional 109,013 shares during the last quarter. Sei Investments Co. grew its position in shares of Victoria's Secret & Co. by 1.9% during the 2nd quarter. Sei Investments Co. now owns 175,553 shares of the company's stock valued at $3,102,000 after buying an additional 3,253 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Victoria's Secret & Co. by 234.9% during the second quarter. The Manufacturers Life Insurance Company now owns 41,577 shares of the company's stock worth $735,000 after acquiring an additional 29,161 shares during the period. Algert Global LLC boosted its stake in Victoria's Secret & Co. by 107.6% in the second quarter. Algert Global LLC now owns 97,321 shares of the company's stock valued at $1,720,000 after acquiring an additional 50,451 shares during the period. Finally, Quarry LP boosted its stake in Victoria's Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company's stock valued at $56,000 after acquiring an additional 1,764 shares during the period. 90.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on VSCO shares. JPMorgan Chase & Co. raised Victoria's Secret & Co. from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $29.00 to $45.00 in a report on Monday, December 9th. TD Cowen increased their price objective on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, December 9th. UBS Group raised shares of Victoria's Secret & Co. from a "sell" rating to a "neutral" rating and boosted their target price for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group dropped their price target on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set a "sell" rating on the stock in a research note on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on Victoria's Secret & Co. from $44.00 to $40.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $42.36.

Victoria's Secret & Co. Price Performance

Shares of VSCO stock traded down $0.72 during mid-day trading on Tuesday, hitting $34.20. 1,093,290 shares of the stock traded hands, compared to its average volume of 1,915,308. Victoria's Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company's 50-day simple moving average is $40.60 and its 200-day simple moving average is $30.95. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.70 and a beta of 2.11.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business earned ($0.86) earnings per share. Victoria's Secret & Co.'s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Victoria's Secret & Co. will post 2.36 earnings per share 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.