35,300 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Purchased by Versor Investments LP

Versor Investments LP acquired a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 35,300 shares of the company’s stock, valued at approximately $907,000.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. in the 2nd quarter valued at about $50,000. Quarry LP lifted its position 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 acquiring an additional 1,764 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $81,000 after acquiring an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $92,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $35.80 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $2.81 billion, a PE ratio of 20.81 and a beta of 2.10. The firm has a 50 day moving average of $27.10 and a 200-day moving average of $22.32. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $37.62.

Victoria’s Secret & Co. (NYSE:VSCO) last released 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. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities research analysts predict that Victoria’s Secret & Co. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Jefferies Financial Group raised 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 lifted their price objective on shares of 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. Finally, BMO Capital Markets increased 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 report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.30.

About Victoria’s Secret & Co.

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.