Arena Capital Advisors LLC CA Takes Position in Victoria's Secret & Co. (NYSE:VSCO)

Arena Capital Advisors LLC CA bought a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 26,067 shares of the company's stock, valued at approximately $484,000. Victoria's Secret & Co. comprises about 0.8% of Arena Capital Advisors LLC CA's investment portfolio, making the stock its 5th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Victoria's Secret & Co. by 6.2% in the first quarter. CWM LLC now owns 16,660 shares of the company's stock worth $310,000 after acquiring an additional 975 shares in the last quarter. Allworth Financial LP grew its stake in shares of Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock worth $57,000 after acquiring an additional 2,669 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Victoria's Secret & Co. by 107.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company's stock worth $91,000 after acquiring an additional 2,634 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Victoria's Secret & Co. by 45.8% in the first quarter. Envestnet Asset Management Inc. now owns 26,522 shares of the company's stock worth $493,000 after acquiring an additional 8,335 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Victoria's Secret & Co. by 2.7% in the first quarter. Principal Financial Group Inc. now owns 391,764 shares of the company's stock worth $7,279,000 after acquiring an additional 10,345 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Performance

VSCO traded up $0.72 on Thursday, reaching $18.42. The company had a trading volume of 3,117,275 shares, compared to its average volume of 2,986,945. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The stock has a market capitalization of $1.47 billion, a PE ratio of 9.21, a P/E/G ratio of 0.97 and a beta of 2.18. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $20.49 and a 200-day moving average price of $24.24.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period in the previous year, the company earned $0.12 earnings per share. Victoria's Secret & Co.'s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company restated an "underweight" rating and issued a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Bank of America lowered their target price on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Thursday, June 12th. Morgan Stanley reiterated a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Finally, The Goldman Sachs Group reiterated a "sell" rating and set a $15.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Victoria's Secret & Co. presently has a consensus rating of "Hold" and a consensus target price of $24.64.

Victoria's Secret & Co. Company Profile

Victoria's Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.