Royce & Associates LP Has $3.01 Million Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Royce & Associates LP raised its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 19.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 161,937 shares of the company's stock after acquiring an additional 26,560 shares during the period. Royce & Associates LP owned approximately 0.21% of Victoria's Secret & Co. worth $3,009,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its holdings in Victoria's Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after buying an additional 1,620,256 shares in the last quarter. FMR LLC grew its holdings in Victoria's Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after buying an additional 1,231,090 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Victoria's Secret & Co. during the fourth quarter worth $37,693,000. SRS Investment Management LLC bought a new stake in Victoria's Secret & Co. during the fourth quarter worth $37,011,000. Finally, Point72 Asset Management L.P. bought a new stake in Victoria's Secret & Co. during the fourth quarter worth $24,940,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Bank of America decreased their price target on 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. Telsey Advisory Group reiterated a "market perform" rating and set a $24.00 price target on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Wells Fargo & Company reiterated an "underweight" rating and set a $15.00 price target (up previously from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. The Goldman Sachs Group reissued a "sell" rating and issued a $15.00 price objective on shares of Victoria's Secret & Co. in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group cut their price objective on 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. Three 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 company's stock. According to data from MarketBeat.com, Victoria's Secret & Co. currently has a consensus rating of "Hold" and a consensus target price of $24.64.

Victoria's Secret & Co. Stock Performance

NYSE:VSCO opened at $21.45 on Monday. 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. has a 52-week low of $13.76 and a 52-week high of $48.73. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.18 and a beta of 2.18. The business's fifty day moving average is $20.30 and its 200 day moving average is $23.21.

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 for the quarter, hitting analysts' consensus estimates 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 return on equity of 37.76% and a net margin of 2.69%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. Research analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.

About Victoria's Secret & Co.

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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