Bayforest Capital Ltd purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,747 shares of the company's stock, valued at approximately $813,000. Bayforest Capital Ltd owned 0.06% of Victoria's Secret & Co. at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in VSCO. Federated Hermes Inc. increased its holdings in Victoria's Secret & Co. by 330.6% in the first quarter. Federated Hermes Inc. now owns 570,073 shares of the company's stock valued at $10,592,000 after buying an additional 437,688 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Victoria's Secret & Co. by 6.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,364 shares of the company's stock valued at $378,000 after acquiring an additional 1,307 shares during the last quarter. Royce & Associates LP raised its position in shares of Victoria's Secret & Co. by 19.6% during the 1st quarter. Royce & Associates LP now owns 161,937 shares of the company's stock valued at $3,009,000 after acquiring an additional 26,560 shares in the last quarter. Readystate Asset Management LP lifted its stake in Victoria's Secret & Co. by 4,554.4% during the first quarter. Readystate Asset Management LP now owns 278,941 shares of the company's stock worth $5,183,000 after purchasing an additional 272,948 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in Victoria's Secret & Co. by 77.9% during the first quarter. Y Intercept Hong Kong Ltd now owns 16,133 shares of the company's stock worth $300,000 after purchasing an additional 7,066 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.
Victoria's Secret & Co. Price Performance
NYSE VSCO traded down $0.08 on Friday, reaching $18.72. The company's stock had a trading volume of 3,734,119 shares, compared to its average volume of 3,483,215. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 1.16. The firm's 50 day moving average is $20.05 and its two-hundred day moving average is $22.92. The stock has a market cap of $1.49 billion, a PE ratio of 9.36, a PEG ratio of 1.07 and a beta of 2.18.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $0.12 EPS. The company's revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Barclays reissued an "overweight" rating and set a $23.00 target price (up from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price objective on shares of Victoria's Secret & Co. in a research note on Wednesday, June 11th. The Goldman Sachs Group restated a "sell" rating and issued a $15.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on Victoria's Secret & Co. from $22.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Wall Street Zen downgraded Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Three investment 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. Based on data from MarketBeat.com, Victoria's Secret & Co. has a consensus rating of "Hold" and a consensus target price of $25.09.
View Our Latest Report on Victoria's Secret & Co.
Victoria's Secret & Co. Profile
(
Free Report)
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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