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

Oppenheimer Asset Management Inc. bought a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,017 shares of the company’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis raised its position in Victoria’s Secret & Co. by 1,100,000.0% in the first quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after acquiring an additional 275,000 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at about $589,000. Aristeia Capital L.L.C. purchased a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at about $1,171,000. Alpha DNA Investment Management LLC acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $408,000. Finally, Bank of New York Mellon Corp boosted its holdings in Victoria’s Secret & Co. by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after buying an additional 91,712 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VSCO. BMO Capital Markets lifted their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Telsey Advisory Group reiterated a “market perform” rating and set a $27.00 target price on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Bank of America boosted their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Finally, Morgan Stanley increased their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus price target of $26.30.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $36.25 on Wednesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The company has a market cap of $2.85 billion, a PE ratio of 21.08 and a beta of 2.10. The company has a 50-day simple moving average of $28.43 and a 200-day simple moving average of $22.97. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $37.72.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, equities analysts anticipate that Victoria’s Secret & Co. will post 1.98 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.