Bayforest Capital Ltd Takes $813,000 Position in Victoria's Secret & Co. (NYSE:VSCO)

Bayforest Capital Ltd acquired a new stake in shares of 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 (SEC). The firm acquired 43,747 shares of the company's stock, valued at approximately $813,000. Bayforest Capital Ltd owned about 0.06% of Victoria's Secret & Co. as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VSCO. Summit Investment Advisors Inc. lifted its holdings in shares of Victoria's Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock worth $340,000 after acquiring an additional 522 shares during the last quarter. Mariner LLC lifted its stake in Victoria's Secret & Co. by 3.0% in the fourth quarter. Mariner LLC now owns 19,307 shares of the company's stock worth $800,000 after purchasing an additional 569 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Victoria's Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after buying an additional 800 shares during the period. CWM LLC boosted its position in shares of Victoria's Secret & Co. by 6.2% during the first quarter. CWM LLC now owns 16,660 shares of the company's stock valued at $310,000 after buying an additional 975 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Victoria's Secret & Co. by 1.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company's stock valued at $2,533,000 after buying an additional 1,018 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Victoria's Secret & Co. from $22.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wells Fargo & Company restated an "underweight" rating and issued a $15.00 price target (up from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. The Goldman Sachs Group reiterated a "sell" rating and set a $15.00 price objective on shares of Victoria's Secret & Co. in a report on Wednesday, June 4th. Telsey Advisory Group restated a "market perform" rating and issued a $24.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 11th. Finally, Wall Street Zen lowered shares of Victoria's Secret & Co. from a "hold" rating to a "sell" rating in a research report on Saturday. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and an average price target of $25.09.

Victoria's Secret & Co. Stock Down 0.4%

Shares of VSCO stock traded down $0.08 during trading hours on Friday, reaching $18.72. 3,734,119 shares of the company's stock were exchanged, compared to its average volume of 2,836,060. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The stock's 50 day moving average is $19.98 and its 200-day moving average is $22.81. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 1.03 and a beta of 2.17.

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

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.