XTX Topco Ltd Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

XTX Topco Ltd bought a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,043 shares of the company’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VSCO. SummerHaven Investment Management LLC boosted its position in shares of Victoria’s Secret & Co. by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after purchasing an additional 715 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Victoria’s Secret & Co. by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after buying an additional 1,000 shares during the period. Bank of New York Mellon Corp boosted its holdings in Victoria’s Secret & Co. by 16.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after buying an additional 91,712 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Victoria’s Secret & Co. by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after buying an additional 1,280 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Victoria’s Secret & Co. by 23.2% during the second quarter. Rhumbline Advisers now owns 245,699 shares of the company’s stock valued at $4,341,000 after acquiring an additional 46,189 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VSCO shares. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $47.00 in a report on Tuesday, December 10th. Bank of America lifted their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley lifted their price target on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $48.71 on Monday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The firm has a market capitalization of $3.83 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The company has a fifty day simple moving average of $34.55 and a two-hundred day simple moving average of $25.69. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned ($0.86) EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts anticipate that Victoria’s Secret & Co. will post 2.31 earnings per share for the current fiscal year.

Victoria’s Secret & Co. 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.