Oak Thistle LLC Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Oak Thistle LLC acquired a new position in Victoria’s Secret & Co. (NYSE:VSCOFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,469 shares of the company’s stock, valued at approximately $543,000.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Victoria’s Secret & Co. by 6.5% during the first quarter. JPMorgan Chase & Co. now owns 280,547 shares of the company’s stock valued at $14,407,000 after acquiring an additional 17,208 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Victoria’s Secret & Co. by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 650,103 shares of the company’s stock valued at $33,389,000 after acquiring an additional 7,239 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Victoria’s Secret & Co. during the first quarter valued at approximately $965,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Victoria’s Secret & Co. by 24.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,629 shares of the company’s stock valued at $340,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Victoria’s Secret & Co. by 94.6% during the first quarter. Citigroup Inc. now owns 23,498 shares of the company’s stock valued at $1,207,000 after acquiring an additional 11,421 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

NYSE VSCO opened at $17.40 on Thursday. The firm’s fifty day simple moving average is $24.23 and its two-hundred day simple moving average is $22.42. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $34.97. The firm has a market capitalization of $1.35 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.10 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.09 billion. Analysts forecast that Victoria’s Secret & Co. will post 1.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VSCO. Wells Fargo & Company decreased their price target on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Bank of America reissued an “underperform” rating and issued a $15.00 price objective (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. BMO Capital Markets reduced their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 price objective (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Finally, Telsey Advisory Group reduced their price objective on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average target price of $22.00.

Check Out Our Latest Report on Victoria’s Secret & Co.

Victoria’s Secret & Co. Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding VSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victoria’s Secret & Co. (NYSE:VSCOFree Report).

Institutional Ownership by Quarter for Victoria's Secret & Co. (NYSE:VSCO)

Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.