Oliver Luxxe Assets LLC Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Oliver Luxxe Assets LLC bought a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,398 shares of the company’s stock, valued at approximately $1,963,000. Oliver Luxxe Assets LLC owned about 0.06% of Victoria’s Secret & Co. at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Forest Avenue Capital Management LP bought a new stake in Victoria’s Secret & Co. during the third quarter worth $40,861,000. Dark Forest Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $589,000. Aristeia Capital L.L.C. acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at about $1,171,000. MetLife Investment Management LLC lifted its stake in Victoria’s Secret & Co. by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock valued at $1,173,000 after purchasing an additional 25,723 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in Victoria’s Secret & Co. during the second quarter worth about $408,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO traded down $2.17 during trading on Monday, reaching $39.69. 1,447,960 shares of the company traded hands, compared to its average volume of 1,500,356. The firm has a market capitalization of $3.12 billion, a PE ratio of 20.56, a PEG ratio of 2.88 and a beta of 2.14. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company’s 50 day moving average is $39.22 and its two-hundred day moving average is $28.06.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted ($0.86) earnings per share. Victoria’s Secret & Co.’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VSCO shares. UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price objective for the company from $18.00 to $47.00 in a research report on Tuesday, December 10th. Jefferies Financial Group raised their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their price objective on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 price objective (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. 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.