US Bancorp DE Grows Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

US Bancorp DE grew its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 335.8% during the 1st quarter, Holdings Channel reports. The fund owned 11,409 shares of the company’s stock after purchasing an additional 8,791 shares during the period. US Bancorp DE’s holdings in Victoria’s Secret & Co. were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new stake in Victoria’s Secret & Co. during the first quarter worth $813,000. Federated Hermes Inc. boosted its holdings in Victoria’s Secret & Co. by 330.6% during the first quarter. Federated Hermes Inc. now owns 570,073 shares of the company’s stock worth $10,592,000 after buying an additional 437,688 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Victoria’s Secret & Co. by 6.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,364 shares of the company’s stock worth $378,000 after buying an additional 1,307 shares in the last quarter. Royce & Associates LP boosted its holdings in Victoria’s Secret & Co. by 19.6% during the first quarter. Royce & Associates LP now owns 161,937 shares of the company’s stock worth $3,009,000 after buying an additional 26,560 shares in the last quarter. Finally, Readystate Asset Management LP boosted its holdings in Victoria’s Secret & Co. by 4,554.4% during the first quarter. Readystate Asset Management LP now owns 278,941 shares of the company’s stock worth $5,183,000 after buying an additional 272,948 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VSCO. Zacks Research upgraded shares of Victoria’s Secret & Co. to a “hold” rating in a research report on Monday, August 11th. Barclays restated an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Victoria’s Secret & Co. from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Wall Street Zen cut shares of Victoria’s Secret & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Victoria’s Secret & Co. from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Monday, August 4th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.00.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $22.35 on Friday. The firm has a 50-day simple moving average of $20.02 and a 200-day simple moving average of $21.70. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.23 and a beta of 2.17. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Victoria’s Secret & Co. had a net margin of 2.69% and a return on equity of 37.76%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $0.12 earnings per share. Victoria’s Secret & Co.’s revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.