Maverick Capital Ltd. purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO – Free Report) during the third quarter, Holdings Channel reports. The firm purchased 38,365 shares of the company’s stock, valued at approximately $986,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 position in Victoria’s Secret & Co. during the second quarter valued at approximately $50,000. Quarry LP raised 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 acquiring an additional 1,764 shares in the last quarter. GAMMA Investing LLC raised its stake 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 worth $81,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $92,000. Institutional investors own 90.29% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on VSCO shares. Bank of America increased their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. The Goldman Sachs Group raised their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. 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 report on Friday, August 30th. Finally, Telsey Advisory Group lifted their price target on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.60.
Victoria’s Secret & Co. Trading Up 2.2 %
VSCO opened at $38.84 on Friday. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $39.39. 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 business has a 50 day simple moving average of $30.55 and a two-hundred day simple moving average of $23.93. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 22.58 and a beta of 2.10.
Victoria’s Secret & Co. (NYSE:VSCO – Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Analysts predict that Victoria’s Secret & Co. will post 2.01 EPS for the current year.
Victoria’s Secret & Co. Company 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.
Recommended Stories
- Five stocks we like better than Victoria’s Secret & Co.
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- ServiceNow: Will the High-Flyer Finally Split in 2024?
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- MarketBeat Week in Review – 11/25 – 11/29
- What is Forex and How Does it Work?
- These 3 Stocks Are Heavy Hitters in Alternative Asset Management
Want to see what other hedge funds are holding VSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victoria’s Secret & Co. (NYSE:VSCO – Free Report).
Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.