Oliver Luxxe Assets LLC Takes $1.96 Million Position in Victoria’s Secret & Co. (NYSE:VSCO)

Oliver Luxxe Assets LLC acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,398 shares of the company’s stock, valued at approximately $1,963,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VSCO. GAMMA Investing LLC raised its holdings in Victoria’s Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares during the last quarter. Castellan Group acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $6,218,000. Sanctuary Advisors LLC raised its stake in Victoria’s Secret & Co. by 3.3% during the third quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock worth $1,314,000 after buying an additional 1,617 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Victoria’s Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after buying an additional 24,967 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Victoria’s Secret & Co. during the third quarter valued at $768,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group boosted their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $29.00 to $45.00 in a report on Monday, December 9th. TD Cowen boosted their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average price target of $36.73.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO traded down $2.17 on Monday, reaching $39.69. 1,447,960 shares of the company’s stock traded hands, compared to its average volume of 1,500,356. The stock’s 50 day simple moving average is $39.22 and its two-hundred day simple moving average is $28.06. The stock has a market cap of $3.12 billion, a PE ratio of 20.56, a PEG ratio of 2.88 and a beta of 2.14. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.86) EPS. On average, analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

Victoria’s Secret & Co. Profile

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.