Victory Capital Management Inc. Boosts Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Victory Capital Management Inc. raised its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,430,016 shares of the company's stock after acquiring an additional 502,622 shares during the period. Victory Capital Management Inc. owned approximately 1.82% of Victoria's Secret & Co. worth $26,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of VSCO. Marshall Wace LLP increased its position in Victoria's Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after buying an additional 1,620,256 shares in the last quarter. FMR LLC increased its position in Victoria's Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after buying an additional 1,231,090 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Victoria's Secret & Co. during the 4th quarter valued at about $37,693,000. SRS Investment Management LLC purchased a new position in shares of Victoria's Secret & Co. in the fourth quarter worth $37,011,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Victoria's Secret & Co. in the fourth quarter worth $24,940,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VSCO. Bank of America decreased their price target 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. UBS Group set a $24.00 price target on shares of Victoria's Secret & Co. and gave the stock a "neutral" rating in a report on Friday, May 23rd. Morgan Stanley reaffirmed a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and issued a $23.00 price target (up previously from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $24.00 price target on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $24.64.

Victoria's Secret & Co. Stock Performance

VSCO stock traded up $0.64 during midday trading on Friday, hitting $21.45. 1,734,660 shares of the stock traded hands, compared to its average volume of 2,988,594. The firm has a market cap of $1.71 billion, a P/E ratio of 10.72, a PEG ratio of 1.14 and a beta of 2.18. 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's fifty day simple moving average is $20.30 and its 200-day simple moving average is $23.42. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate 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 was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. On average, analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current 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.