Oppenheimer Asset Management Inc. Increases Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Oppenheimer Asset Management Inc. increased its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 290.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,571 shares of the company's stock after buying an additional 17,529 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Victoria's Secret & Co. were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC grew its position in Victoria's Secret & Co. by 1,898.1% during the fourth 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 during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Victoria's Secret & Co. during the 4th quarter valued at $112,000. Finally, NBC Securities Inc. raised its position 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 worth $52,000 after purchasing an additional 2,820 shares during the period. Institutional investors own 90.29% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were acquired at an average cost of $16.15 per share, with a total value of $3,431,875.00. Following the transaction, the insider now owns 10,310,631 shares in the company, valued at $166,516,690.65. The trade was a 2.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on VSCO shares. UBS Group set a $24.00 price target on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $15.00 price target (up from $12.00) on shares of Victoria's Secret & Co. in a research note on Wednesday, May 14th. Finally, BMO Capital Markets lowered their price objective on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.64.

Victoria's Secret & Co. Trading Up 2.1%

NYSE VSCO opened at $19.31 on Monday. The stock has a market cap of $1.54 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.06 and a beta of 2.26. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The stock has a 50 day simple moving average of $20.26 and a two-hundred day simple moving average of $26.32. 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. (NYSE:VSCO - Get Free Report) last announced its 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 the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current 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.

Want to see what other hedge funds are holding VSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victoria's Secret & Co. (NYSE:VSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.