Millrace Asset Group Inc. Invests $921,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Millrace Asset Group Inc. acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,850 shares of the company’s stock, valued at approximately $921,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VSCO. FMR LLC grew its position in Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after buying an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Victoria’s Secret & Co. by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after acquiring an additional 258,059 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Victoria’s Secret & Co. by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock worth $41,338,000 after acquiring an additional 76,858 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Victoria’s Secret & Co. by 13.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock worth $16,206,000 after acquiring an additional 109,013 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Up 0.9 %

Shares of NYSE:VSCO opened at $37.44 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.77 and a beta of 2.10. The business has a 50-day moving average price of $29.53 and a 200 day moving average price of $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 posted its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VSCO shares. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Jefferies Financial Group boosted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets raised their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Cowen lifted their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, Morgan Stanley raised their price target on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.30.

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.