Amalgamated Bank reduced its position in Victoria's Secret & Co. (NYSE:VSCO – Get Rating) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 45,459 shares of the company's stock after selling 798 shares during the period. Amalgamated Bank's holdings in Victoria's Secret & Co. were worth $2,335,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of VSCO. Sound Shore Management Inc. CT acquired a new stake in Victoria's Secret & Co. during the first quarter worth approximately $89,991,000. Laurion Capital Management LP acquired a new stake in Victoria's Secret & Co. during the fourth quarter worth approximately $62,062,000. Windacre Partnership LLC lifted its position in Victoria's Secret & Co. by 16.4% during the fourth quarter. Windacre Partnership LLC now owns 7,204,300 shares of the company's stock worth $400,127,000 after acquiring an additional 1,015,800 shares during the last quarter. Artemis Investment Management LLP lifted its position in Victoria's Secret & Co. by 50.1% during the first quarter. Artemis Investment Management LLP now owns 2,289,174 shares of the company's stock worth $117,338,000 after acquiring an additional 764,441 shares during the last quarter. Finally, Boston Partners acquired a new stake in Victoria's Secret & Co. during the first quarter worth approximately $33,931,000. 96.39% of the stock is currently owned by institutional investors and hedge funds.
Get Victoria's Secret & Co. alerts:Analysts Set New Price Targets
A number of research firms have recently weighed in on VSCO. Cowen began coverage on shares of Victoria's Secret & Co. in a research report on Monday, August 1st. They issued a "market perform" rating and a $40.00 price target for the company. Barclays dropped their price target on shares of Victoria's Secret & Co. from $60.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, August 26th. Wells Fargo & Company dropped their price target on shares of Victoria's Secret & Co. from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, June 1st. Evercore ISI dropped their price target on shares of Victoria's Secret & Co. to $65.00 in a research report on Friday, June 3rd. Finally, UBS Group lifted their price target on shares of Victoria's Secret & Co. from $31.00 to $41.00 and gave the company a "neutral" rating in a research report on Monday, August 15th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.08.
Victoria's Secret & Co. Stock Performance
Shares of NYSE:VSCO opened at $30.01 on Friday. The company's 50 day simple moving average is $35.19 and its 200 day simple moving average is $40.15. The stock has a market capitalization of $2.44 billion and a price-to-earnings ratio of 5.69. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.07 and a quick ratio of 0.32. Victoria's Secret & Co. has a 1 year low of $26.14 and a 1 year high of $65.20.Victoria's Secret & Co. (NYSE:VSCO – Get Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.14. The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.56 billion. Victoria's Secret & Co. had a net margin of 7.13% and a return on equity of 198.36%. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm posted $1.71 earnings per share. As a group, research analysts predict that Victoria's Secret & Co. will post 4.6 EPS for the current fiscal year.
Victoria's Secret & Co. Company Profile
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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.
Further Reading
- Get a free copy of the StockNews.com research report on Victoria's Secret & Co. (VSCO)
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