Virtus Investment Advisers Inc. Invests $275,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Virtus Investment Advisers Inc. bought a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,686 shares of the company’s stock, valued at approximately $275,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Victoria’s Secret & Co. during the second quarter valued at $50,000. Quarry LP grew its stake in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares in the last quarter. GAMMA Investing LLC increased its holdings in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth $92,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Down 2.0 %

NYSE VSCO opened at $43.02 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $44.40. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 25.01 and a beta of 2.19. The company has a fifty day moving average of $31.87 and a two-hundred day moving average of $24.51.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned ($0.86) EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. BMO Capital Markets increased their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group boosted their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Jefferies Financial Group upped their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, TD Cowen lifted their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.45.

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.