17,124 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Bought by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,124 shares of the company’s stock, valued at approximately $709,000.

Other large investors have also bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new position in shares of Victoria’s Secret & Co. in the third quarter worth approximately $27,000. Blue Trust Inc. lifted its position in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the period. GAMMA Investing LLC boosted its stake in shares of Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after purchasing an additional 326 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Victoria’s Secret & Co. by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after buying an additional 835 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth $206,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $28.48 on Wednesday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a 50-day moving average of $36.74 and a 200-day moving average of $32.49. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company has a market cap of $2.24 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.15 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.86) EPS. Equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Morgan Stanley cut their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and upped their target price for the company from $18.00 to $47.00 in a research report on Tuesday, December 10th. Jefferies Financial Group raised their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group dropped their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday, January 30th. Finally, Bank of America reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and an average price target of $42.36.

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.