Delap Wealth Advisory LLC Acquires New Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Delap Wealth Advisory LLC bought a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,022 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also modified their holdings of VSCO. Bayberry Capital Partners LP purchased a new position in shares of Victoria’s Secret & Co. in the 1st quarter worth approximately $11,919,000. Norges Bank purchased a new position in Victoria’s Secret & Co. in the fourth quarter worth $8,986,000. 12 West Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. during the first quarter worth $5,330,000. Natixis boosted its position in shares of Victoria’s Secret & Co. by 1,100,000.0% in the 1st quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after purchasing an additional 275,000 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Victoria’s Secret & Co. by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after purchasing an additional 258,059 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Trading Down 1.5 %

Shares of Victoria’s Secret & Co. stock opened at $25.59 on Friday. 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 firm has a fifty day moving average price of $21.28 and a 200 day moving average price of $19.80. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $30.80. The stock has a market cap of $2.00 billion, a PE ratio of 19.68 and a beta of 2.13.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Equities research analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. 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. Morgan Stanley upped 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. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $23.00 to $25.00 in a research note on Wednesday. Telsey Advisory Group upped their price target on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets lifted their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.60.

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.