10,766 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Acquired by Hengehold Capital Management LLC

Hengehold Capital Management LLC purchased a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 10,766 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VSCO. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. during the second quarter valued at $50,000. Quarry LP grew its holdings in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after buying an additional 1,764 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 purchasing an additional 1,652 shares during the period. Headlands Technologies LLC lifted its holdings in Victoria’s Secret & Co. by 1,925.3% in the second quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock worth $155,000 after purchasing an additional 8,356 shares during the period. Finally, Magnetar Financial LLC bought a new position in Victoria’s Secret & Co. in the 2nd quarter valued at about $195,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on VSCO. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday. BMO Capital Markets boosted their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America raised their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group increased their target price 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. Finally, TD Cowen lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.00.

Victoria’s Secret & Co. Stock Down 2.0 %

Victoria’s Secret & Co. stock opened at $27.63 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $30.80. The company has a fifty day simple moving average of $24.22 and a 200 day simple moving average of $20.60. The company has a market cap 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 quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Research analysts anticipate that Victoria’s Secret & Co. will post 1.98 earnings per share 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.