Geode Capital Management LLC Purchases 24,967 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Geode Capital Management LLC increased its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,794,221 shares of the company's stock after acquiring an additional 24,967 shares during the period. Geode Capital Management LLC owned about 2.28% of Victoria's Secret & Co. worth $46,121,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new position in Victoria's Secret & Co. during the 3rd quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in Victoria's Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock worth $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria's Secret & Co. in the 2nd quarter worth approximately $50,000. Quarry LP lifted its holdings in shares of Victoria's Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company's stock valued at $56,000 after buying an additional 1,764 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Victoria's Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock worth $81,000 after acquiring an additional 1,652 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Stock Down 1.3 %

Shares of VSCO stock traded down $0.54 on Tuesday, hitting $41.64. The stock had a trading volume of 1,278,175 shares, compared to its average volume of 2,681,948. Victoria's Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The business has a 50 day moving average price of $36.81 and a 200 day moving average price of $26.60. The company has a market cap of $3.27 billion, a PE ratio of 21.58, a P/E/G ratio of 2.88 and a beta of 2.19. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm earned ($0.86) earnings per share. Research analysts anticipate that Victoria's Secret & Co. will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VSCO has been the subject of several research reports. Wells Fargo & Company reaffirmed 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 report on Monday, December 9th. Bank of America boosted their price objective on Victoria's Secret & Co. from $18.00 to $21.00 and gave the company an "underperform" rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their target price on shares of Victoria's Secret & Co. from $17.00 to $19.00 and gave the company a "sell" rating in a research note on Friday, August 30th. BMO Capital Markets upped their price objective on Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, TD Cowen lifted their price target on Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $36.73.

Victoria's Secret & Co. Company 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.