Charles Schwab Investment Management Inc. Raises Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Charles Schwab Investment Management Inc. raised its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 5.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,608,466 shares of the company’s stock after purchasing an additional 76,858 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.05% of Victoria’s Secret & Co. worth $41,338,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Victoria’s Secret & Co. during the 2nd quarter worth about $50,000. Quarry LP boosted its holdings in Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares during the period. GAMMA Investing LLC grew its position in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in Victoria’s Secret & Co. during the third quarter worth about $92,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VSCO. Telsey Advisory Group upped their target price on shares of Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. BMO Capital Markets increased their price objective 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. Bank of America lifted 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. Wells Fargo & Company lifted their price objective on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group upped their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Three 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.60.

Victoria’s Secret & Co. Trading Up 7.8 %

NYSE VSCO opened at $41.88 on Tuesday. The firm’s fifty day moving average price is $30.55 and its 200 day moving average price is $23.96. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $42.95. 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 company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 24.04 and a beta of 2.19.

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.