Empirical Finance LLC increased its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) by 127.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,640 shares of the company’s stock after purchasing an additional 12,685 shares during the quarter. Empirical Finance LLC’s holdings in Victoria’s Secret & Co. were worth $659,000 at the end of the most recent quarter.
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Several other institutional investors and hedge funds have also recently bought and sold shares of VSCO. JPMorgan Chase & Co. lifted its holdings in Victoria’s Secret & Co. by 6.5% during the 1st quarter. JPMorgan Chase & Co. now owns 280,547 shares of the company’s stock worth $14,407,000 after buying an additional 17,208 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Victoria’s Secret & Co. by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 650,103 shares of the company’s stock worth $33,389,000 after buying an additional 7,239 shares during the last quarter. American Century Companies Inc. purchased a new stake in Victoria’s Secret & Co. during the 1st quarter worth about $965,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Victoria’s Secret & Co. by 24.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,629 shares of the company’s stock worth $340,000 after buying an additional 1,303 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Victoria’s Secret & Co. by 94.6% during the 1st quarter. Citigroup Inc. now owns 23,498 shares of the company’s stock worth $1,207,000 after buying an additional 11,421 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.
Victoria’s Secret & Co. Stock Down 0.5 %
VSCO opened at $39.18 on Thursday. The business has a 50 day moving average price of $40.33 and a two-hundred day moving average price of $37.07. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 4.94. The company has a market cap of $3.17 billion, a PE ratio of 8.25, a P/E/G ratio of 1.02 and a beta of 2.13. Victoria’s Secret & Co. has a 52 week low of $26.14 and a 52 week high of $65.20.
Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last posted its quarterly earnings data on Wednesday, November 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Victoria’s Secret & Co. had a return on equity of 178.60% and a net margin of 6.48%. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 4.66 EPS for the current year.
Insider Buying and Selling at Victoria’s Secret & Co.
In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc sold 109,968 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $46.08, for a total transaction of $5,067,325.44. Following the transaction, the insider now owns 8,118,804 shares in the company, valued at approximately $374,114,488.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.95% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Cowen lifted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 in a report on Friday, December 2nd. Barclays reduced their target price on Victoria’s Secret & Co. from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 13th. Telsey Advisory Group boosted their target price on Victoria’s Secret & Co. from $35.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, December 1st. Evercore ISI boosted their target price on Victoria’s Secret & Co. to $60.00 in a report on Friday, December 2nd. Finally, BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $45.00 to $53.00 in a report on Thursday, December 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.27.
Victoria’s Secret & Co. Company Profile
Victoria’s Secret & Co operates as a specialty retailer of women’s intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria’s Secret and PINK brands.
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