Blueshift Asset Management LLC Grows Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Blueshift Asset Management LLC increased its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 272.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,803 shares of the company’s stock after buying an additional 45,942 shares during the quarter. Blueshift Asset Management LLC owned 0.08% of Victoria’s Secret & Co. worth $1,614,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Victoria’s Secret & Co. by 741.4% during the 3rd 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 stake in shares of Victoria’s Secret & Co. during the 2nd quarter valued at $50,000. Quarry LP lifted its stake in shares of Victoria’s Secret & Co. by 126.6% during the 2nd 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. GAMMA Investing LLC boosted its holdings in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after buying an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth $92,000. 90.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on VSCO shares. Telsey Advisory Group boosted their price objective on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday. Jefferies Financial Group upped their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. 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 report on Friday, August 30th. Bank of America increased their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Finally, TD Cowen increased their target price on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.60.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $37.50 on Wednesday. The business’s 50 day moving average price is $29.53 and its 200-day moving average price is $23.49. The company has a market cap of $2.94 billion, a P/E ratio of 21.80 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. has a fifty-two week low of $15.12 and a fifty-two week high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Sell-side analysts predict that Victoria’s Secret & Co. will post 2.01 earnings per share for the current 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.