Blueshift Asset Management LLC Grows Stake in Victoria’s Secret & Co. (NYSE:VSCO)

Blueshift Asset Management LLC lifted its position in Victoria’s Secret & Co. (NYSE:VSCO) by 272.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,803 shares of the company’s stock after acquiring an additional 45,942 shares during the quarter. Blueshift Asset Management LLC’s holdings in Victoria’s Secret & Co. were worth $1,614,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. in the second quarter valued at about $50,000. Quarry LP boosted its holdings in shares of Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in Victoria’s Secret & Co. during the third quarter valued at approximately $92,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VSCO shares. Telsey Advisory Group raised their price objective on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company lifted their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Finally, TD Cowen lifted their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.60.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $37.50 on Wednesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.80 and a beta of 2.10. The firm’s 50 day simple moving average is $29.53 and its 200-day simple moving average is $23.49. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Analysts expect that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.