Everence Capital Management Inc. Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Everence Capital Management Inc. purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,400 shares of the company’s stock, valued at approximately $223,000.

Several other large investors have also made changes to their positions in VSCO. CWM LLC lifted its stake in shares of Victoria’s Secret & Co. by 126.8% during the third quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after acquiring an additional 914 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Victoria’s Secret & Co. by 774.0% during the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after acquiring an additional 565 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Victoria’s Secret & Co. during the second quarter valued at $40,000. Captrust Financial Advisors lifted its stake in Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after buying an additional 329 shares during the period. Finally, Quarry LP acquired a new position in Victoria’s Secret & Co. in the first quarter valued at about $46,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 0.4 %

Shares of Victoria’s Secret & Co. stock opened at $17.30 on Friday. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $34.10. The business has a 50-day moving average of $22.16 and a two-hundred day moving average of $22.47. The company has a market capitalization of $1.34 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.09 and a beta of 2.07. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34.

Victoria’s Secret & Co. (NYSE:VSCO) last announced 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 return on equity of 56.40% and a net margin of 1.77%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. As a group, equities analysts predict that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

Analysts Set New Price Targets

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

About Victoria’s Secret & Co.

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.