8,800 Shares in Victoria’s Secret (NYSE:VSCO) Purchased by Toronto Dominion Bank

Toronto Dominion Bank acquired a new position in Victoria’s Secret (NYSE:VSCO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,800 shares of the company’s stock, valued at approximately $486,000.

Several other hedge funds have also recently added to or reduced their stakes in VSCO. State of Alaska Department of Revenue acquired a new stake in shares of Victoria’s Secret in the 3rd quarter worth about $636,000. Kwmg LLC acquired a new stake in shares of Victoria’s Secret in the 3rd quarter worth about $963,000. Engrave Wealth Partners LLC acquired a new stake in shares of Victoria’s Secret in the 3rd quarter worth about $1,082,000. Cypress Capital Group acquired a new stake in shares of Victoria’s Secret in the 3rd quarter worth about $617,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Victoria’s Secret in the 3rd quarter worth about $1,061,000. 90.92% of the stock is currently owned by institutional investors and hedge funds.

In other Victoria’s Secret news, CEO Gregory Unis sold 6,357 shares of the firm’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $57.19, for a total value of $363,556.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Sheehan sold 1,033 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $57.80, for a total transaction of $59,707.40. The disclosure for this sale can be found here.

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Victoria’s Secret from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, November 18th. They noted that the move was a valuation call. Bank of America lowered their target price on shares of Victoria’s Secret from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, November 18th. Morgan Stanley reissued an “equal weight” rating and set a $69.00 target price (down previously from $76.00) on shares of Victoria’s Secret in a research note on Monday, December 27th. Telsey Advisory Group lowered their target price on shares of Victoria’s Secret from $73.00 to $60.00 and set a “market perform” rating on the stock in a research note on Thursday, November 18th. Finally, B. Riley lowered their target price on shares of Victoria’s Secret from $87.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, November 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Victoria’s Secret currently has an average rating of “Buy” and a consensus price target of $83.44.

Shares of VSCO opened at $56.33 on Friday. The stock has a 50 day simple moving average of $52.88. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.37 and a current ratio of 1.01. Victoria’s Secret has a 12-month low of $45.65 and a 12-month high of $76.00.

Victoria’s Secret (NYSE:VSCO) last announced its quarterly earnings data on Thursday, November 18th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.46 billion. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Victoria’s Secret will post 7.04 EPS for the current fiscal year.

Victoria’s Secret Profile

Victoria’s Secret & Co is an intimate specialty retailer offering assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear and athleisure, as well as prestige fragrances and body care. Victoria’s Secret & Co is based in COLUMBUS, Ohio.

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Institutional Ownership by Quarter for Victoria's Secret (NYSE:VSCO)

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