Victoria's Secret & Co. (NYSE:VSCO) Shares Purchased by Royce & Associates LP

Key Points

• Royce & Associates LP increased its holdings in Victoria's Secret & Co. by 19.6%, now owning approximately 0.21% of the company with a value of $3.01 million.
• Institutional investors and hedge funds collectively own 90.29% of Victoria's Secret & Co.'s stock, indicating significant institutional interest.
• Analysts have set a consensus target price of $24.64 for Victoria's Secret & Co., with varying ratings from “sell” to “buy” among different research firms.

Royce & Associates LP lifted its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 161,937 shares of the company's stock after purchasing an additional 26,560 shares during the period. Royce & Associates LP owned about 0.21% of Victoria's Secret & Co. worth $3,009,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VSCO. NBC Securities Inc. grew its stake in shares of Victoria's Secret & Co. by 141,000.0% in the first 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 last quarter. Allworth Financial LP boosted its stake in Victoria's Secret & Co. by 677.4% during the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock worth $57,000 after acquiring an additional 2,669 shares in the last quarter. KBC Group NV boosted its position in shares of Victoria's Secret & Co. by 40.8% in the 1st quarter. KBC Group NV now owns 3,904 shares of the company's stock worth $73,000 after purchasing an additional 1,132 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after purchasing an additional 1,955 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Victoria's Secret & Co. by 107.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company's stock worth $91,000 after acquiring an additional 2,634 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Down 3.2%

Shares of NYSE:VSCO traded down $0.62 during trading on Thursday, hitting $18.91. The company's stock had a trading volume of 720,396 shares, compared to its average volume of 3,462,436. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The company has a market capitalization of $1.51 billion, a PE ratio of 9.43, a P/E/G ratio of 1.09 and a beta of 2.18. 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 business has a 50 day moving average price of $20.13 and a two-hundred day moving average price of $23.04.

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

Analyst Upgrades and Downgrades

VSCO has been the topic of a number of research analyst reports. UBS Group set a $24.00 price target on Victoria's Secret & Co. and gave the company a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. The Goldman Sachs Group restated a "sell" rating and set a $15.00 price objective on shares of Victoria's Secret & Co. in a research report on Wednesday, June 4th. Morgan Stanley reissued a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, Barclays reissued an "overweight" rating and issued a $23.00 target price (up previously from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.09.

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.