Nisa Investment Advisors LLC Grows Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Nisa Investment Advisors LLC grew its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 26.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 14,006 shares of the company’s stock after buying an additional 2,940 shares during the period. Nisa Investment Advisors LLC’s holdings in Victoria’s Secret & Co. were worth $360,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VSCO. Blue Trust Inc. boosted its stake in Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. in the second quarter worth $50,000. Quarry LP lifted its stake in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after buying an additional 1,764 shares during the period. GAMMA Investing LLC grew its holdings in shares of 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 during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at $92,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on VSCO shares. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. The Goldman Sachs Group lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. BMO Capital Markets increased their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Telsey Advisory Group restated a “market perform” rating and set a $27.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Finally, TD Cowen upped their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.30.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $32.36 on Wednesday. The company’s fifty day moving average price is $25.84 and its 200 day moving average price is $21.59. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $33.16. The company has a market capitalization of $2.54 billion, a PE ratio of 18.81 and a beta of 2.10. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts predict that Victoria’s Secret & Co. will post 1.96 earnings per share for the current year.

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.