Wedmont Private Capital Buys Shares of 6,342 Victoria’s Secret & Co. (NYSE:VSCO)

Wedmont Private Capital purchased a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,342 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its stake in Victoria’s Secret & Co. by 146.1% in the 3rd 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 stake in shares of Victoria’s Secret & Co. during the third quarter worth about $40,861,000. AQR Capital Management LLC raised its position in shares of Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after buying an additional 1,368,103 shares during the last quarter. Marshall Wace LLP raised its position in shares of Victoria’s Secret & Co. by 1,218.1% in the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after buying an additional 571,295 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its stake in shares of Victoria’s Secret & Co. by 102.3% during the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after buying an additional 511,573 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VSCO has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $29.00 to $45.00 in a research note on Monday, December 9th. TD Cowen lifted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their target price for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. Morgan Stanley raised their price target on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group upped their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. Stock Up 0.6 %

Shares of NYSE:VSCO opened at $36.43 on Friday. The stock has a 50-day simple moving average of $40.30 and a 200-day simple moving average of $29.10. The stock has a market capitalization of $2.86 billion, a P/E ratio of 18.88, a PEG ratio of 2.22 and a beta of 2.14. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data 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. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned ($0.86) earnings per share. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts forecast that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

About Victoria’s Secret & Co.

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.