Point72 Asia Singapore Pte. Ltd. Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. (NYSE:VSCO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,812 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors also recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina increased its stake in shares of Victoria’s Secret & Co. by 1.0% during the 4th 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in 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 valued at $297,000 after purchasing an additional 628 shares during the period. SummerHaven Investment Management LLC increased its position in Victoria’s Secret & Co. by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after buying an additional 715 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Victoria’s Secret & Co. by 2.6% in the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock valued at $696,000 after buying an additional 1,000 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in shares of Victoria’s Secret & Co. by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock valued at $1,313,000 after buying an additional 1,205 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 1.3 %

Shares of NYSE VSCO opened at $25.70 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The business has a 50-day moving average of $22.20 and a 200-day moving average of $20.02. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 19.77 and a beta of 2.13. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. Sell-side analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VSCO shares. Wells Fargo & Company lifted their price objective on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Telsey Advisory Group boosted 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 report on Thursday, August 29th. The Goldman Sachs Group raised their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Morgan Stanley lifted their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, Bank of America increased their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus target price of $23.60.

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.