Virtus Fund Advisers LLC Invests $27,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Virtus Fund Advisers LLC bought a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the third quarter, Holdings Channel reports. The institutional investor bought 1,065 shares of the company’s stock, valued at approximately $27,000.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Victoria’s Secret & Co. by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,395 shares of the company’s stock worth $900,000 after buying an additional 2,594 shares in the last quarter. CWM LLC increased its position in shares of Victoria’s Secret & Co. by 172.1% during the second quarter. CWM LLC now owns 17,959 shares of the company’s stock valued at $317,000 after acquiring an additional 11,360 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Victoria’s Secret & Co. by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock valued at $663,000 after acquiring an additional 715 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Victoria’s Secret & Co. by 16.4% in the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after purchasing an additional 91,712 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several research analyst reports. Bank of America raised their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. The Goldman Sachs Group boosted 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. Jefferies Financial Group raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.45.

Victoria’s Secret & Co. Stock Down 2.0 %

VSCO opened at $43.02 on Friday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $44.40. The company has a market cap of $3.38 billion, a PE ratio of 25.01 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The company has a 50 day moving average of $31.87 and a 200 day moving average of $24.51.

Victoria’s Secret & Co. (NYSE:VSCO) last posted 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. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.86) earnings per share. On average, sell-side analysts expect that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

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.