Victory Capital Management Inc. Has $44.03 Million Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Victory Capital Management Inc. decreased its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,713,389 shares of the company’s stock after selling 144,761 shares during the quarter. Victory Capital Management Inc. owned approximately 2.18% of Victoria’s Secret & Co. worth $44,034,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. SummerHaven Investment Management LLC increased its stake in shares of Victoria’s Secret & Co. by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after purchasing an additional 715 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Victoria’s Secret & Co. by 13.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after purchasing an additional 835 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Victoria’s Secret & Co. by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after purchasing an additional 1,000 shares during the last quarter. Texas Permanent School Fund Corp increased its stake 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 worth $1,313,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Victoria’s Secret & Co. by 8.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after purchasing an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $36.68 on Friday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10. The company’s fifty day moving average is $27.87 and its two-hundred day moving average is $22.64. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $37.62.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates 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 forecast that Victoria’s Secret & Co. will post 1.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. BMO Capital Markets raised their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group raised their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Finally, Morgan Stanley raised their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.30.

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.