Victory Capital Management Inc. decreased its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,713,389 shares of the company's stock after selling 144,761 shares during the quarter. Victory Capital Management Inc. owned about 2.18% of Victoria's Secret & Co. worth $44,034,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of VSCO. AQR Capital Management LLC boosted its stake in Victoria's Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock valued at $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Bayberry Capital Partners LP acquired a new stake in shares of Victoria's Secret & Co. during the first quarter worth $11,919,000. Marshall Wace LLP grew its stake in shares of Victoria's Secret & Co. by 1,218.1% during the second quarter. Marshall Wace LLP now owns 618,195 shares of the company's stock worth $10,924,000 after purchasing an additional 571,295 shares during the period. Lombard Odier Asset Management USA Corp increased its holdings in Victoria's Secret & Co. by 102.3% in the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company's stock valued at $204,000 after purchasing an additional 511,573 shares during the last quarter. Finally, Natixis lifted its stake in Victoria's Secret & Co. by 1,100,000.0% in the first quarter. Natixis now owns 275,025 shares of the company's stock valued at $5,330,000 after buying an additional 275,000 shares during the period. 90.29% of the stock is owned by institutional investors.
Victoria's Secret & Co. Stock Up 1.8 %
Shares of VSCO stock traded up $0.64 during trading on Friday, reaching $36.68. The company's stock had a trading volume of 1,476,773 shares, compared to its average volume of 2,026,822. 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. has a one year low of $15.12 and a one year high of $37.62. The business has a fifty day moving average price of $27.87 and a 200-day moving average price of $22.67. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. Victoria's Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Analysts anticipate that Victoria's Secret & Co. will post 1.98 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on VSCO shares. Morgan Stanley upped their price target on Victoria's Secret & Co. from $20.00 to $23.00 and gave the company an "equal weight" rating in a research note on Friday, August 30th. BMO Capital Markets upped their target price on shares of Victoria's Secret & Co. from $29.00 to $33.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their price target on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday. Bank of America upped their price objective on shares of 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. Finally, Wells Fargo & Company increased their price target on Victoria's Secret & Co. from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.30.
Read Our Latest Stock Report on VSCO
About Victoria's Secret & Co.
(
Free Report)
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.
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