Readystate Asset Management LP Buys 272,948 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Readystate Asset Management LP boosted its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 4,554.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,941 shares of the company's stock after purchasing an additional 272,948 shares during the quarter. Readystate Asset Management LP owned about 0.35% of Victoria's Secret & Co. worth $5,183,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. lifted its holdings in shares of Victoria's Secret & Co. by 141,000.0% during the first quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock worth $52,000 after buying an additional 2,820 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock valued at $57,000 after buying an additional 2,669 shares during the period. KBC Group NV increased its position in shares of Victoria's Secret & Co. by 40.8% during the first quarter. KBC Group NV now owns 3,904 shares of the company's stock valued at $73,000 after purchasing an additional 1,132 shares during the period. CoreCap Advisors LLC increased its position in shares of 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 purchasing an additional 1,955 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Victoria's Secret & Co. by 107.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company's stock valued at $91,000 after purchasing an additional 2,634 shares during the period. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Up 2.6%

Shares of Victoria's Secret & Co. stock traded up $0.54 during trading on Friday, hitting $21.35. The company's stock had a trading volume of 1,135,997 shares, compared to its average volume of 3,484,705. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.19 and a beta of 2.18. The stock has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $23.54.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its earnings results on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 2.69% and a return on equity of 37.76%. Victoria's Secret & Co.'s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of research reports. Wall Street Zen cut Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. UBS Group set a $24.00 price objective on shares of Victoria's Secret & Co. and gave the stock a "neutral" rating in a report on Friday, May 23rd. Bank of America dropped 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 report on Thursday, June 12th. Morgan Stanley reaffirmed a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, Jefferies Financial Group dropped their price objective on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.64.

Victoria's Secret & Co. 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.