38,365 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) 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) 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.