Arena Capital Advisors LLC CA Makes New Investment in Victoria's Secret & Co. (NYSE:VSCO)

Arena Capital Advisors LLC CA purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 holdings, making the stock its 5th biggest holding.

A number of other institutional investors also recently bought and sold shares of VSCO. Marshall Wace LLP increased its holdings in shares of Victoria's Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after purchasing an additional 1,620,256 shares in the last quarter. FMR LLC increased its holdings in shares of Victoria's Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after purchasing an additional 1,231,090 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Victoria's Secret & Co. during the 4th quarter valued at approximately $37,693,000. SRS Investment Management LLC purchased a new position in shares of Victoria's Secret & Co. during the 4th quarter valued at approximately $37,011,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Victoria's Secret & Co. during the 4th quarter valued at approximately $24,940,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Trading Down 4.8%

Shares of VSCO opened at $19.17 on Monday. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. 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 firm's fifty day moving average is $20.57 and its two-hundred day moving average is $24.66. The stock has a market cap of $1.53 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.05 and a beta of 2.18.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group set a $24.00 target price on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen cut shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Jefferies Financial Group dropped their price target on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 21st. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $24.64.

Victoria's Secret & Co. 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.

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