Wolverine Asset Management LLC Grows Stock Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Key Points

• Wolverine Asset Management LLC increased its stake in Victoria's Secret & Co. by 20.5% in Q1, bringing its total holdings to 81,119 shares worth approximately $1.5 million.
• Recent institutional buying trends indicate strong interest, with Marshall Wace LLP increasing its position by 481.5% and multiple firms purchasing new stakes in the fourth quarter.
• Analysts have varying perspectives on the stock, with target prices ranging from $15.00 to $25.00 and a consensus rating of "Hold".

Wolverine Asset Management LLC grew its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 20.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,119 shares of the company's stock after buying an additional 13,795 shares during the period. Wolverine Asset Management LLC owned approximately 0.10% of Victoria's Secret & Co. worth $1,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Marshall Wace LLP lifted its position in Victoria's Secret & Co. by 481.5% in 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 during the last quarter. FMR LLC boosted its stake in shares of Victoria's Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the period. Point72 Hong Kong Ltd bought 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 stake in Victoria's Secret & Co. in the 4th quarter worth about $37,011,000. Finally, Point72 Asset Management L.P. purchased a new stake in Victoria's Secret & Co. in the 4th quarter worth about $24,940,000. 90.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays reaffirmed an "overweight" rating and set a $23.00 target price (up previously from $22.00) on shares of Victoria's Secret & Co. in a research note on Thursday, June 12th. UBS Group set a $24.00 target price on Victoria's Secret & Co. and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Telsey Advisory Group reissued a "market perform" rating and set a $24.00 target price on shares of Victoria's Secret & Co. in a research note on Wednesday, June 11th. 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 note on Thursday, June 12th. Finally, The Goldman Sachs Group reiterated a "sell" rating and set a $15.00 price objective on shares of Victoria's Secret & Co. in a report on Wednesday, June 4th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.00.

Victoria's Secret & Co. Price Performance

Shares of VSCO opened at $21.12 on Friday. 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 company has a 50 day moving average price of $19.90 and a 200-day moving average price of $22.13. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The stock has a market capitalization of $1.69 billion, a PE ratio of 10.56, a PEG ratio of 1.15 and a beta of 2.17.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted 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. Victoria's Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. Victoria's Secret & Co.'s revenue was down .5% on a year-over-year basis. Equities analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Victoria's Secret & Co. Company 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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