Victoria’s Secret & Co. (NYSE:VSCO) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 1.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,794,221 shares of the company’s stock after purchasing an additional 24,967 shares during the period. Geode Capital Management LLC owned approximately 2.28% of Victoria’s Secret & Co. worth $46,121,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its holdings in Victoria’s Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares during the period. Forest Avenue Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth approximately $40,861,000. AQR Capital Management LLC increased its holdings in shares of Victoria’s Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after purchasing an additional 571,295 shares during the period. Finally, Lombard Odier Asset Management USA Corp boosted its holdings in Victoria’s Secret & Co. by 102.3% during the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after buying an additional 511,573 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

VSCO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Bank of America upped their price target 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. BMO Capital Markets raised their price objective on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. TD Cowen upped their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average price target of $36.73.

Victoria’s Secret & Co. Trading Down 6.2 %

Shares of VSCO opened at $42.18 on Tuesday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The stock has a market cap of $3.32 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The firm’s fifty day moving average is $36.49 and its two-hundred day moving average is $26.45. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

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