47,398 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, Holdings Channel reports. The firm acquired 47,398 shares of the company’s stock, valued at approximately $1,963,000.

A number of other large investors have also recently modified their holdings of the company. FMR LLC grew its stake in Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $40,861,000. AQR Capital Management LLC lifted its position in Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Marshall Wace LLP increased its position in shares of Victoria’s Secret & Co. by 1,218.1% during the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in Victoria’s Secret & Co. by 172.0% during the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after buying an additional 318,099 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $38.49 on Friday. The firm has a market cap of $3.03 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.28 and a beta of 2.14. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The business’s 50-day moving average price is $40.56 and its 200 day moving average price is $29.90. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.86) earnings per share. On average, equities research analysts expect that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. BMO Capital Markets lifted their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, December 6th. UBS Group raised Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and upped their price target for the stock from $18.00 to $47.00 in a report on Tuesday, December 10th. Morgan Stanley reduced their price objective on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 target price (up previously from $33.00) on shares of Victoria’s Secret & Co. in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $37.55.

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.