Y Intercept Hong Kong Ltd Invests $768,000 in Victoria's Secret & Co. (NYSE:VSCO)

Y Intercept Hong Kong Ltd acquired a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,897 shares of the company's stock, valued at approximately $768,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VSCO. Dark Forest Capital Management LP acquired a new stake in shares of Victoria's Secret & Co. during the second quarter valued at about $589,000. Forest Avenue Capital Management LP bought a new position in Victoria's Secret & Co. in the 3rd quarter valued at approximately $40,861,000. Aristeia Capital L.L.C. acquired a new stake in Victoria's Secret & Co. during the 2nd quarter worth approximately $1,171,000. MetLife Investment Management LLC boosted its position in Victoria's Secret & Co. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock worth $1,173,000 after buying an additional 25,723 shares during the period. Finally, Alpha DNA Investment Management LLC bought a new stake in Victoria's Secret & Co. during the 2nd quarter worth approximately $408,000. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Up 4.1 %

Shares of Victoria's Secret & Co. stock traded up $1.92 during trading on Friday, reaching $48.71. 1,411,151 shares of the company traded hands, compared to its average volume of 2,271,323. The firm has a market capitalization of $3.83 billion, a PE ratio of 25.24, a P/E/G ratio of 2.88 and a beta of 2.19. Victoria's Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a 50 day moving average price of $34.55 and a 200-day moving average price of $25.66. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VSCO. The Goldman Sachs Group lifted 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 report on Friday, August 30th. Morgan Stanley lifted their target price on Victoria's Secret & Co. from $23.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Jefferies Financial Group upped their price target on Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. BMO Capital Markets raised 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, December 6th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $45.00 target price (up from $33.00) on shares of Victoria's Secret & Co. in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and an average target price of $36.73.

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.