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

Readystate Asset Management LP increased its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 4,554.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 278,941 shares of the company's stock after purchasing an additional 272,948 shares during the period. Readystate Asset Management LP owned approximately 0.35% of Victoria's Secret & Co. worth $5,183,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. boosted its position in Victoria's Secret & Co. by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock valued at $340,000 after buying an additional 522 shares in the last quarter. Mariner LLC boosted its position in Victoria's Secret & Co. by 3.0% in the fourth quarter. Mariner LLC now owns 19,307 shares of the company's stock valued at $800,000 after buying an additional 569 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after buying an additional 800 shares in the last quarter. CWM LLC boosted its position in Victoria's Secret & Co. by 6.2% in the first quarter. CWM LLC now owns 16,660 shares of the company's stock valued at $310,000 after buying an additional 975 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Victoria's Secret & Co. by 1.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company's stock valued at $2,533,000 after buying an additional 1,018 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on VSCO shares. Morgan Stanley restated a "positive" rating on shares of Victoria's Secret & Co. in a research report on Thursday, June 12th. Bank of America reduced their price target on shares of Victoria's Secret & Co. from $20.00 to $18.00 and set an "underperform" rating on the stock in a research report on Thursday, June 12th. JPMorgan Chase & Co. raised their price objective on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Jefferies Financial Group reduced 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 research report on Wednesday, May 21st. Finally, Wall Street Zen cut shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Victoria's Secret & Co. currently has an average rating of "Hold" and a consensus price target of $24.64.

Victoria's Secret & Co. Trading Up 3.1%

Shares of NYSE VSCO traded up $0.64 during mid-day trading on Friday, hitting $21.45. The company's stock had a trading volume of 1,734,660 shares, compared to its average volume of 2,988,594. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company's fifty day simple moving average is $20.30 and its 200-day simple moving average is $23.31. 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 stock has a market cap of $1.71 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.18 and a beta of 2.18.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.09. Victoria's Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the firm earned $0.12 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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.