Readystate Asset Management LP Buys 13,436 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Readystate Asset Management LP raised its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,726 shares of the company’s stock after purchasing an additional 13,436 shares during the period. Readystate Asset Management LP owned approximately 0.13% of Victoria’s Secret & Co. worth $2,753,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Victoria’s Secret & Co. by 126.8% in the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after buying an additional 914 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Victoria’s Secret & Co. by 774.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after buying an additional 565 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $40,000. GAMMA Investing LLC acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at $41,000. Finally, Captrust Financial Advisors raised its stake in shares of Victoria’s Secret & Co. by 26.7% in the 2nd quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after buying an additional 329 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Price Performance

VSCO traded down $0.32 during midday trading on Wednesday, hitting $16.76. The company had a trading volume of 2,924,970 shares, compared to its average volume of 2,876,859. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95. The company has a market capitalization of $1.30 billion, a PE ratio of 12.32, a P/E/G ratio of 1.11 and a beta of 2.07. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $34.10. The firm’s 50-day simple moving average is $22.62 and its 200-day simple moving average is $22.50.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. Equities research analysts predict that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Telsey Advisory Group dropped their target price on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Finally, Bank of America reiterated an “underperform” rating and set a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Victoria’s Secret & Co. Company Profile

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.