Investors Asset Management of Georgia Inc. GA ADV Acquires Shares of 6,084 Victoria’s Secret & Co. (NYSE:VSCO)

Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 6,084 shares of the company’s stock, valued at approximately $252,000.

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares during the period. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at $40,861,000. Two Sigma Advisers LP lifted its holdings in shares of Victoria’s Secret & Co. by 172.0% in the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock worth $12,927,000 after acquiring an additional 318,099 shares during the last quarter. Castellan Group purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $6,218,000. Finally, Weiss Asset Management LP purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $4,397,000. 90.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VSCO. The Goldman Sachs Group decreased their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, January 30th. BMO Capital Markets boosted 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. Morgan Stanley reduced their target price on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen boosted their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Telsey Advisory Group cut their price target on shares of Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.36.

Victoria’s Secret & Co. Price Performance

NYSE VSCO opened at $29.27 on Friday. The company has a market cap of $2.30 billion, a PE ratio of 15.17, a P/E/G ratio of 1.17 and a beta of 2.11. The firm’s 50 day moving average price is $37.83 and its 200-day moving average price is $32.08. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.86) EPS. Sell-side analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Victoria’s Secret & Co. Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.