Point72 Asia Singapore Pte. Ltd. Invests $50,000 in Victoria’s Secret & Co. (NYSE:VSCO)

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

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after buying an additional 628 shares during the period. Natixis boosted its holdings 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 valued at $5,330,000 after buying an additional 275,000 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at about $589,000. Aristeia Capital L.L.C. acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at about $1,171,000. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at about $408,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 0.8 %

VSCO stock opened at $24.28 on Friday. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 18.68 and a beta of 2.14. The firm’s 50-day moving average is $22.72 and its two-hundred day moving average is $20.18. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27.

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. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. On average, analysts forecast that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on VSCO. Morgan Stanley lifted their price target 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. The Goldman Sachs Group lifted their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Telsey Advisory Group boosted their target price 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. BMO Capital Markets boosted their target price on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, TD Cowen boosted their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.60.

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.