Victoria’s Secret & Co. (NYSE:VSCO) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Victoria’s Secret & Co. (NYSE:VSCO) by 234.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,577 shares of the company’s stock after purchasing an additional 29,161 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Victoria’s Secret & Co. worth $735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted 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 worth $297,000 after acquiring an additional 628 shares during the last quarter. Natixis lifted 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 worth $5,330,000 after acquiring an additional 275,000 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $589,000. Aristeia Capital L.L.C. acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $1,171,000. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter worth approximately $408,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VSCO shares. Bank of America upped their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. The Goldman Sachs Group increased their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. BMO Capital Markets increased their price objective on shares of Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company increased their price objective on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.60.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $26.44 on Tuesday. The company has a 50-day simple moving average of $23.67 and a 200-day simple moving average of $20.44. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $2.07 billion, a PE ratio of 20.34 and a beta of 2.14. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued 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 the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. Equities research analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Victoria’s Secret & Co. 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.