TriaGen Wealth Management LLC Acquires New Shares in Victoria’s Secret & Co. (NYSE:VSCO)

TriaGen Wealth Management LLC acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,213 shares of the company’s stock, valued at approximately $713,000.

Several other hedge funds have also recently bought and sold shares of the business. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. during the third quarter valued at about $27,000. Blue Trust Inc. raised its holdings in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. during the second quarter valued at about $50,000. Quarry LP raised its holdings in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after buying an additional 1,652 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Down 1.5 %

VSCO stock opened at $36.22 on Friday. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a market cap of $2.85 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.11 and a beta of 2.14. The business’s 50-day simple moving average is $40.65 and its 200 day simple moving average is $30.67. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned ($0.86) earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Victoria’s Secret & Co. will post 2.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on VSCO shares. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their target price for the company from $29.00 to $45.00 in a report on Monday, December 9th. TD Cowen raised their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $18.00 to $47.00 in a research note on Tuesday, December 10th. Telsey Advisory Group dropped their price objective on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group lifted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $42.36.

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.