Everett Harris & Co. CA Buys New Position in Victoria's Secret & Co. (NYSE:VSCO)

Key Points

• Everett Harris & Co. CA has invested approximately $287,000 in Victoria's Secret & Co. during the first quarter, acquiring 15,450 shares of the company's stock.
• Major institutional investors have significantly increased their positions in Victoria's Secret, with CoreCap Advisors LLC growing its holdings by 1,898.1% and NBC Securities Inc. by 141,000.0%.
• Analysts have varying ratings on the stock, with four rating it as a sell, five as hold, and four as buy, resulting in a consensus price target of $25.00.

Everett Harris & Co. CA acquired a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 15,450 shares of the company's stock, valued at approximately $287,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC acquired a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at $268,000. O Shaughnessy Asset Management LLC bought a new position in shares of Victoria's Secret & Co. in the fourth quarter worth about $471,000. Alliancebernstein L.P. lifted its holdings in shares of Victoria's Secret & Co. by 1.4% in the fourth quarter. Alliancebernstein L.P. now owns 102,812 shares of the company's stock worth $4,258,000 after acquiring an additional 1,461 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at approximately $3,272,000. Finally, Wells Fargo & Company MN increased its stake in shares of Victoria's Secret & Co. by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 60,067 shares of the company's stock valued at $2,488,000 after buying an additional 9,527 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded down $0.56 on Friday, hitting $21.12. The company's stock had a trading volume of 1,861,640 shares, compared to its average volume of 3,161,383. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.33 and a current ratio of 1.16. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The firm has a fifty day moving average price of $19.90 and a 200-day moving average price of $22.01. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.15 and a beta of 2.17.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VSCO. The Goldman Sachs Group restated a "sell" rating and set a $15.00 price objective on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on Victoria's Secret & Co. from $22.00 to $27.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Barclays reiterated an "overweight" rating and issued a $23.00 price objective (up previously from $22.00) on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. UBS Group set a $24.00 price target on Victoria's Secret & Co. and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price target on Victoria's Secret & Co. from $15.00 to $14.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $25.00.

About Victoria's Secret & Co.

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.