SG Americas Securities LLC boosted its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 242.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,024 shares of the company’s stock after purchasing an additional 47,453 shares during the quarter. SG Americas Securities LLC’s holdings in Victoria’s Secret & Co. were worth $3,631,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter worth $30,000. Hara Capital LLC acquired a new position in Victoria’s Secret & Co. in the 2nd quarter valued at $36,000. State of Wyoming acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at $48,000. Quantbot Technologies LP bought a new position in Victoria’s Secret & Co. in the 3rd quarter worth $53,000. Finally, Lazard Asset Management LLC raised its holdings in Victoria’s Secret & Co. by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 7,258 shares of the company’s stock worth $133,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.
Victoria’s Secret & Co. Price Performance
NYSE:VSCO opened at $45.92 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.25 and a quick ratio of 0.54. Victoria’s Secret & Co. has a one year low of $13.76 and a one year high of $66.89. The company has a fifty day moving average price of $54.03 and a 200 day moving average price of $46.00. The stock has a market cap of $3.70 billion, a P/E ratio of 24.69, a PEG ratio of 1.43 and a beta of 2.26.
Wall Street Analyst Weigh In
VSCO has been the subject of a number of research analyst reports. TD Cowen cut their target price on shares of Victoria’s Secret & Co. from $60.00 to $58.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Barclays raised their price target on Victoria’s Secret & Co. from $65.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $34.00 to $60.00 in a research note on Friday, December 5th. UBS Group set a $58.00 price objective on Victoria’s Secret & Co. in a research report on Friday, March 6th. Finally, Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.20.
Check Out Our Latest Analysis on Victoria’s Secret & Co.
About Victoria’s Secret & Co.
Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.
The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.
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