SummerHaven Investment Management LLC grew its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 2.0% during the second quarter, HoldingsChannel reports. The firm owned 43,043 shares of the company’s stock after purchasing an additional 845 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Victoria’s Secret & Co. were worth $797,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Virtus Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. during the 1st quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter worth $112,000. NBC Securities Inc. lifted its stake in shares of Victoria’s Secret & Co. by 141,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock worth $52,000 after purchasing an additional 2,820 shares during the period. Allworth Financial LP lifted its stake in shares of Victoria’s Secret & Co. by 677.4% during the 1st quarter. Allworth Financial LP now owns 3,063 shares of the company’s stock worth $57,000 after purchasing an additional 2,669 shares during the period. Finally, KBC Group NV lifted its stake in shares of Victoria’s Secret & Co. by 40.8% during the 1st quarter. KBC Group NV now owns 3,904 shares of the company’s stock worth $73,000 after purchasing an additional 1,132 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.
Victoria’s Secret & Co. Stock Up 2.6%
Shares of NYSE VSCO opened at $26.25 on Monday. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The company has a market cap of $2.10 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.42 and a beta of 2.19. 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 fifty day moving average price of $23.10 and a 200 day moving average price of $20.81.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Victoria’s Secret & Co. from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. The Goldman Sachs Group increased their target price on Victoria’s Secret & Co. from $16.00 to $18.00 and gave the stock a “sell” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $14.00 to $17.00 and gave the stock an “underweight” rating in a research report on Friday, August 29th. 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, Morgan Stanley reiterated a “reduce” rating on shares of Victoria’s Secret & Co. in a report on Friday, September 12th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Reduce” and an average price target of $26.27.
Read Our Latest Analysis on Victoria’s Secret & Co.
About Victoria’s Secret & Co.
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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