Y Intercept Hong Kong Ltd raised its holdings in Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 13.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,266 shares of the company’s stock after buying an additional 2,133 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Victoria’s Secret & Co. were worth $338,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew its stake in shares of Victoria’s Secret & Co. by 44.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,075 shares of the company’s stock worth $631,000 after acquiring an additional 10,504 shares during the last quarter. AlphaQuest LLC boosted its holdings in Victoria’s Secret & Co. by 41.3% in the 2nd quarter. AlphaQuest LLC now owns 15,844 shares of the company’s stock valued at $293,000 after purchasing an additional 4,631 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at $35,000. Arista Wealth Management LLC acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter worth $417,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Victoria’s Secret & Co. by 382.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 487,198 shares of the company’s stock worth $9,023,000 after purchasing an additional 386,135 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.
Victoria’s Secret & Co. Trading Down 3.5%
Shares of VSCO opened at $35.06 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a market cap of $2.81 billion, a PE ratio of 19.48, a PEG ratio of 1.96 and a beta of 2.26. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The stock has a 50 day simple moving average of $29.32 and a 200-day simple moving average of $23.57.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Victoria’s Secret & Co. in a research note on Thursday, October 30th. Jefferies Financial Group decreased their price objective on Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 29th. Morgan Stanley restated a “reduce” rating on shares of Victoria’s Secret & Co. in a research report on Friday, September 12th. Wall Street Zen raised Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Bank of America lifted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.91.
Check Out Our Latest Stock Analysis on VSCO
Victoria’s Secret & Co. Company 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.
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