Hussman Strategic Advisors Inc. bought a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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.
A number of other institutional investors have also added to or reduced their stakes in VSCO. Raymond James Financial Inc. acquired a new position in Victoria's Secret & Co. during the fourth quarter worth $7,373,000. Amundi increased its holdings in Victoria's Secret & Co. by 61.0% during the fourth quarter. Amundi now owns 5,549 shares of the company's stock worth $214,000 after buying an additional 2,103 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Victoria's Secret & Co. by 14.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,057 shares of the company's stock worth $789,000 after buying an additional 2,442 shares during the last quarter. Swiss National Bank increased its holdings in Victoria's Secret & Co. by 0.9% during the fourth quarter. Swiss National Bank now owns 139,000 shares of the company's stock worth $5,757,000 after buying an additional 1,300 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in Victoria's Secret & Co. during the fourth quarter worth $218,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.
Victoria's Secret & Co. Stock Performance
Shares of Victoria's Secret & Co. stock traded up $0.70 during trading on Friday, reaching $19.08. The company's stock had a trading volume of 3,175,897 shares, compared to its average volume of 2,991,041. The business's 50-day moving average price is $20.49 and its 200-day moving average price is $24.09. The firm has a market cap of $1.52 billion, a PE ratio of 9.54, a P/E/G ratio of 1.01 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 quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60.
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, meeting analysts' consensus estimates of $0.09. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.32 billion. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. Victoria's Secret & Co.'s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 earnings per share. Equities analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on VSCO. Jefferies Financial Group lowered their target price on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, May 21st. Morgan Stanley reiterated a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Barclays reiterated an "overweight" rating and issued a $23.00 price objective (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 issued a $24.00 price objective on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Finally, UBS Group set a $24.00 price objective on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a report on Friday, May 23rd. Three 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 stock. According to MarketBeat.com, Victoria's Secret & Co. presently has a consensus rating of "Hold" and a consensus price target of $24.64.
View Our Latest Stock Report on VSCO
Victoria's Secret & Co. Company Profile
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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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