Quadrature Capital Ltd Buys Shares of 14,011 Victoria’s Secret & Co. (NYSE:VSCO)

Quadrature Capital Ltd purchased a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,011 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds have also made changes to their positions in the business. Treasurer of the State of North Carolina lifted its position in shares of Victoria’s Secret & Co. by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 34,163 shares of the company’s stock worth $907,000 after purchasing an additional 340 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Victoria’s Secret & Co. by 1.2% during the fourth quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the company’s stock worth $967,000 after purchasing an additional 422 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $297,000 after purchasing an additional 628 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Victoria’s Secret & Co. by 24.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock worth $107,000 after purchasing an additional 790 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Victoria’s Secret & Co. by 3.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 27,914 shares of the company’s stock worth $741,000 after purchasing an additional 1,031 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $17.55 on Tuesday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.13 and a beta of 2.16. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The firm’s 50 day moving average is $19.30 and its two-hundred day moving average is $22.48.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Research analysts forecast that Victoria’s Secret & Co. will post 1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VSCO. Telsey Advisory Group reissued a “market perform” rating and set a $20.00 price target on shares of Victoria’s Secret & Co. in a research report on Thursday, June 6th. BMO Capital Markets reduced their target price on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Wells Fargo & Company reduced their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. raised their target price on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, May 17th. Finally, Barclays raised their target price on shares of Victoria’s Secret & Co. from $16.00 to $19.00 and gave the company an “underweight” rating in a report on Friday, June 7th. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.50.

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.