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

Victory Capital Management Inc. boosted 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,430,016 shares of the company's stock after buying an additional 502,622 shares during the quarter. 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 and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arena Capital Advisors LLC CA purchased a new stake in Victoria's Secret & Co. in the first quarter worth $484,000. CWM LLC grew its stake in Victoria's Secret & Co. by 6.2% in the first quarter. CWM LLC now owns 16,660 shares of the company's stock worth $310,000 after purchasing an additional 975 shares during the period. Allworth Financial LP grew its stake in Victoria's Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company's stock worth $57,000 after purchasing an additional 2,669 shares during the period. DekaBank Deutsche Girozentrale grew its stake 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 purchasing an additional 2,634 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Victoria's Secret & Co. by 45.8% in the first quarter. Envestnet Asset Management Inc. now owns 26,522 shares of the company's stock worth $493,000 after purchasing an additional 8,335 shares during the period. Hedge funds and other institutional investors own 90.29% of the company's stock.

Wall Street Analyst Weigh In

VSCO has been the topic of a number of analyst reports. Wells Fargo & Company reaffirmed an "underweight" rating and set a $15.00 price objective (up from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their price objective on Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Jefferies Financial Group dropped their price objective on 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. Telsey Advisory Group restated a "market perform" rating and set a $24.00 price objective on shares of Victoria's Secret & Co. in a report on Wednesday, June 11th. Finally, Morgan Stanley restated a "positive" rating on shares of Victoria's Secret & Co. in a report on Thursday, June 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $24.64.

Victoria's Secret & Co. Stock Performance

Shares of Victoria's Secret & Co. stock opened at $19.90 on Tuesday. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 1.04 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's 50 day moving average price is $20.49 and its 200 day moving average price is $23.85.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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 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. On average, research analysts predict that Victoria's Secret & Co. will post 2.37 EPS 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.

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