Hengehold Capital Management LLC Acquires New Shares in Victoria’s Secret & Co. (NYSE:VSCO)

Hengehold Capital Management LLC bought a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,766 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VSCO. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth $50,000. Quarry LP boosted its stake in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after buying an additional 1,764 shares during the period. GAMMA Investing LLC increased its position in shares of Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Victoria’s Secret & Co. by 1,925.3% in the 2nd quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock valued at $155,000 after acquiring an additional 8,356 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $195,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VSCO. TD Cowen lifted their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Morgan Stanley raised their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their price target on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. The Goldman Sachs Group raised their price objective 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. Finally, BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus target price of $24.00.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $27.63 on Friday. 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 52 week low of $15.12 and a 52 week high of $30.80. The firm’s 50 day moving average is $24.22 and its two-hundred day moving average is $20.60. The firm has a market capitalization of $2.17 billion, a P/E ratio of 16.06 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. Research analysts forecast that Victoria’s Secret & Co. will post 1.98 EPS for the current fiscal year.

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.