Fmr LLC Buys 1,636,602 Shares of Victoria's Secret & Co. (NYSE:VSCO)

FMR LLC boosted its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 146.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,757,032 shares of the company's stock after purchasing an additional 1,636,602 shares during the period. FMR LLC owned 3.51% of Victoria's Secret & Co. worth $70,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Victoria's Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Victoria's Secret & Co. by 16.1% in the second 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. Charles Schwab Investment Management Inc. lifted its position in shares of Victoria's Secret & Co. by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock worth $41,338,000 after buying an additional 76,858 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Victoria's Secret & Co. by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company's stock worth $16,206,000 after buying an additional 109,013 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Victoria's Secret & Co. by 16.4% in the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company's stock worth $11,529,000 after buying an additional 91,712 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on Victoria's Secret & Co. from $17.00 to $19.00 and gave the stock a "sell" rating in a research report on Friday, August 30th. Bank of America boosted their price target on Victoria's Secret & Co. from $18.00 to $21.00 and gave the stock an "underperform" rating in a research report on Friday, August 30th. BMO Capital Markets boosted their price objective on Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday. UBS Group boosted their price objective on Victoria's Secret & Co. from $13.00 to $18.00 and gave the stock a "sell" rating in a research report on Thursday. Finally, Jefferies Financial Group boosted their price objective on Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $28.64.

Victoria's Secret & Co. Stock Performance

VSCO traded up $5.00 on Friday, hitting $48.02. 6,017,096 shares of the stock traded hands, compared to its average volume of 1,905,661. Victoria's Secret & Co. has a 52 week low of $15.12 and a 52 week 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 firm has a market capitalization of $3.77 billion, a PE ratio of 24.88 and a beta of 2.19. The business has a fifty day moving average price of $32.31 and a two-hundred day moving average price of $24.70.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted ($0.86) earnings per share. The company's quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts predict that Victoria's Secret & Co. will post 2.01 EPS for the current fiscal year.

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.