59,190 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Purchased by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 59,190 shares of the company’s stock, valued at approximately $1,521,000. FORA Capital LLC owned approximately 0.08% of Victoria’s Secret & Co. at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares during the period. AQR Capital Management LLC grew its holdings in Victoria’s Secret & Co. by 102.0% in the 2nd 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 period. Victory Capital Management Inc. grew its holdings in 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 buying an additional 258,059 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $41,338,000 after buying an additional 76,858 shares during the period. Finally, Forest Avenue Capital Management LP purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at about $40,861,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VSCO. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Bank of America lifted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Wells Fargo & Company lifted their price objective on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Telsey Advisory Group lifted their price objective on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Three equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.60.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $38.00 on Thursday. The stock’s 50 day moving average price is $29.79 and its 200 day moving average price is $23.61. The firm has a market capitalization of $2.98 billion, a PE ratio of 22.09 and a beta of 2.10. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 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%. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 2.01 EPS 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.