Versor Investments LP Purchases New Shares in Victoria’s Secret & Co. (NYSE:VSCO)

Versor Investments LP acquired a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,300 shares of the company’s stock, valued at approximately $907,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in shares of Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at about $50,000. Quarry LP raised its stake in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. GAMMA Investing LLC raised its stake 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 last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $92,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 2.4 %

Victoria’s Secret & Co. stock opened at $35.80 on Wednesday. The company has a 50 day moving average of $27.10 and a 200-day moving average of $22.32. 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 twelve month low of $15.12 and a twelve month high of $37.62. The stock has a market capitalization of $2.81 billion, a PE ratio of 20.81 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VSCO has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of 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. TD Cowen raised their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Jefferies Financial Group raised their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.30.

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.