Two Sigma Advisers LP Purchases 318,099 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Two Sigma Advisers LP raised its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 172.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 503,003 shares of the company's stock after buying an additional 318,099 shares during the period. Two Sigma Advisers LP owned 0.64% of Victoria's Secret & Co. worth $12,927,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VSCO. Price T Rowe Associates Inc. MD increased its stake in Victoria's Secret & Co. by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,395 shares of the company's stock valued at $900,000 after buying an additional 2,594 shares during the last quarter. CWM LLC increased its stake in Victoria's Secret & Co. by 172.1% in the 2nd quarter. CWM LLC now owns 17,959 shares of the company's stock valued at $317,000 after buying an additional 11,360 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Victoria's Secret & Co. by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company's stock valued at $663,000 after buying an additional 715 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Victoria's Secret & Co. by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company's stock valued at $696,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Victoria's Secret & Co. by 16.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company's stock worth $11,529,000 after purchasing an additional 91,712 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Performance

VSCO traded down $0.57 on Tuesday, hitting $46.63. The company's stock had a trading volume of 2,522,660 shares, compared to its average volume of 2,722,044. The company's 50 day simple moving average is $32.74 and its 200-day simple moving average is $24.94. The firm has a market cap of $3.66 billion, a P/E ratio of 24.10 and a beta of 2.19. Victoria's Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.70. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data 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 44.59%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned ($0.86) EPS. Victoria's Secret & Co.'s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts forecast that Victoria's Secret & Co. will post 2.01 EPS for the current year.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the stock a "sell" rating in a research note on Friday, August 30th. Barclays upgraded shares of Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen raised their price target on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday. UBS Group upgraded shares of Victoria's Secret & Co. from a "sell" rating to a "neutral" rating and raised their price target for the stock from $18.00 to $47.00 in a research note on Tuesday. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $45.00 price target (up previously from $33.00) on shares of Victoria's Secret & Co. in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $36.73.

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.