Oppenheimer Asset Management Inc. Has $438,000 Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Oppenheimer Asset Management Inc. boosted its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 290.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,571 shares of the company's stock after buying an additional 17,529 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Victoria's Secret & Co. were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Victoria's Secret & Co. in the first quarter valued at about $731,000. 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. GAMMA Investing LLC lifted its position in shares of Victoria's Secret & Co. by 1,209.6% in the 1st quarter. GAMMA Investing LLC now owns 45,651 shares of the company's stock worth $848,000 after acquiring an additional 42,165 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Victoria's Secret & Co. in the 4th quarter worth approximately $112,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Victoria's Secret & Co. by 33.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company's stock worth $6,435,000 after purchasing an additional 38,820 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VSCO shares. Wall Street Zen lowered Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a report on Friday, June 6th. 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. The Goldman Sachs Group reissued a "sell" rating and set a $15.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 4th. 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 note on Friday, May 23rd. Finally, Bank of America lowered their price objective on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Thursday, June 12th. 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.com, the company currently has a consensus rating of "Hold" and an average price target of $24.64.

Victoria's Secret & Co. Price Performance

VSCO stock traded up $0.17 during trading on Thursday, hitting $20.57. 2,706,663 shares of the company's stock traded hands, compared to its average volume of 3,556,896. The business has a fifty day simple moving average of $20.39 and a 200 day simple moving average of $26.03. 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 quick ratio of 0.33 and a current ratio of 1.16. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 1.07 and a beta of 2.18.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. As a group, research analysts expect that Victoria's Secret & Co. will post 2.37 EPS 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.