Hussman Strategic Advisors Inc. Purchases Shares of 84,000 Victoria's Secret & Co. (NYSE:VSCO)

Hussman Strategic Advisors Inc. purchased a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 84,000 shares of the company's stock, valued at approximately $1,561,000. Hussman Strategic Advisors Inc. owned about 0.11% of Victoria's Secret & Co. at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in Victoria's Secret & Co. by 141,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after acquiring an additional 2,820 shares in the last quarter. Allworth Financial LP raised its holdings in Victoria's Secret & Co. by 677.4% in the 1st quarter. Allworth Financial LP now owns 3,063 shares of the company's stock valued at $57,000 after acquiring an additional 2,669 shares in the last quarter. KBC Group NV raised its holdings in Victoria's Secret & Co. by 40.8% in the 1st quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after acquiring an additional 1,132 shares in the last quarter. CoreCap Advisors LLC raised its holdings in Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Victoria's Secret & Co. by 107.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company's stock valued at $91,000 after acquiring an additional 2,634 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group set a $24.00 price objective on Victoria's Secret & Co. and gave the company a "neutral" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Telsey Advisory Group restated a "market perform" rating and set a $24.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 11th. Jefferies Financial Group cut their target price on Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company reissued an "underweight" rating and set a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $24.64.

Victoria's Secret & Co. Price Performance

VSCO stock traded up $1.02 during midday trading on Monday, reaching $20.06. 981,142 shares of the stock were exchanged, compared to its average volume of 2,986,315. The stock has a market capitalization of $1.60 billion, a PE ratio of 9.99, a P/E/G ratio of 1.04 and a beta of 2.18. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. The company has a fifty day moving average price of $20.49 and a 200 day moving average price of $23.85.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $1.35 billion for 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%. Victoria's Secret & Co.'s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

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.