SG Americas Securities LLC Has $195,000 Stake in Victoria’s Secret & Co. (NYSE:VSCO)

SG Americas Securities LLC lowered its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 11.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,582 shares of the company’s stock after selling 999 shares during the quarter. SG Americas Securities LLC’s holdings in Victoria’s Secret & Co. were worth $195,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VSCO. AQR Capital Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after buying an additional 1,368,103 shares in the last quarter. Bayberry Capital Partners LP acquired a new stake in shares of Victoria’s Secret & Co. in the 1st quarter worth about $11,919,000. Marshall Wace LLP lifted its position in Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after acquiring an additional 571,295 shares in the last quarter. Lombard Odier Asset Management USA Corp boosted its stake in Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after purchasing an additional 511,573 shares during the last quarter. Finally, Natixis increased its holdings in Victoria’s Secret & Co. by 1,100,000.0% during 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. Institutional investors own 90.29% of the company’s stock.

Analysts Set New Price Targets

VSCO has been the topic of a number of recent research reports. Bank of America raised their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Morgan Stanley upped their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.30.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $29.18 on Thursday. The company has a market capitalization of $2.28 billion, a PE ratio of 22.45 and a beta of 2.14. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $30.80. The company has a 50-day simple moving average of $24.78 and a 200 day simple moving average of $20.86.

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