River Global Investors LLP Purchases 6,694 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

River Global Investors LLP boosted its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 18.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,697 shares of the company’s stock after purchasing an additional 6,694 shares during the quarter. River Global Investors LLP owned about 0.06% of Victoria’s Secret & Co. worth $1,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SummerHaven Investment Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the company’s stock worth $967,000 after buying an additional 422 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Victoria’s Secret & Co. by 36.8% in the 4th quarter. Russell Investments Group Ltd. now owns 14,409 shares of the company’s stock valued at $382,000 after acquiring an additional 3,879 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $58,000. Wolverine Asset Management LLC boosted its stake in Victoria’s Secret & Co. by 56.8% during the 4th quarter. Wolverine Asset Management LLC now owns 40,135 shares of the company’s stock valued at $1,065,000 after purchasing an additional 14,545 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth $41,000. 90.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on VSCO shares. BMO Capital Markets dropped their price objective on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Bank of America restated an “underperform” rating and set a $15.00 price objective (down from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Wells Fargo & Company dropped their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. The Goldman Sachs Group started coverage on Victoria’s Secret & Co. in a report on Thursday, April 25th. They set a “sell” rating and a $14.00 price target on the stock. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $15.00 price objective (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.27.

Victoria’s Secret & Co. Stock Down 1.1 %

Victoria’s Secret & Co. stock traded down $0.19 during mid-day trading on Friday, reaching $17.55. 1,728,996 shares of the company were exchanged, compared to its average volume of 2,388,967. The business has a fifty day moving average of $19.79 and a 200 day moving average of $22.70. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. The firm has a market cap of $1.36 billion, a P/E ratio of 12.90, a PEG ratio of 1.11 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Research analysts anticipate that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal 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.