JPMorgan Chase & Co. Has $8.09 Million Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

JPMorgan Chase & Co. lowered its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 23.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,767 shares of the company’s stock after selling 97,396 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.40% of Victoria’s Secret & Co. worth $8,090,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new position in shares of Victoria’s Secret & Co. in the third quarter valued at about $27,000. Blue Trust Inc. increased its position in Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. in the second quarter worth about $50,000. Quarry LP raised its stake in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on VSCO. UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $18.00 to $47.00 in a report on Tuesday, December 10th. Morgan Stanley upped their price target on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. Stock Down 0.6 %

Shares of NYSE VSCO opened at $35.60 on Wednesday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. The stock has a market cap of $2.80 billion, a P/E ratio of 18.45, a P/E/G ratio of 2.88 and a beta of 2.14. The firm has a 50 day moving average price of $40.24 and a 200 day moving average price of $29.05.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned ($0.86) EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Analysts expect that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

About Victoria’s Secret & Co.

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.