Quadrature Capital Ltd Takes $372,000 Position in Victoria’s Secret & Co. (NYSE:VSCO)

Quadrature Capital Ltd purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,011 shares of the company’s stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VSCO. Kettle Hill Capital Management LLC acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter valued at $18,645,000. Norges Bank acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at $8,986,000. Fred Alger Management LLC boosted its position in shares of Victoria’s Secret & Co. by 192.2% in the 3rd quarter. Fred Alger Management LLC now owns 287,239 shares of the company’s stock valued at $4,791,000 after purchasing an additional 188,921 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Victoria’s Secret & Co. by 18.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock valued at $31,650,000 after purchasing an additional 188,384 shares during the period. Finally, UBS Group AG boosted its position in Victoria’s Secret & Co. by 3.0% during the 4th quarter. UBS Group AG now owns 3,421,898 shares of the company’s stock worth $90,817,000 after acquiring an additional 98,882 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 1.1 %

VSCO opened at $17.55 on Tuesday. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80. The business has a 50-day moving average of $19.30 and a 200-day moving average of $22.48. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28. The company has a market capitalization of $1.37 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.13 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business earned $0.28 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts forecast that Victoria’s Secret & Co. will post 1.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley lowered Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $19.00 to $15.00 in a research report on Monday, May 6th. Barclays raised their price objective on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. raised their price objective on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Telsey Advisory Group restated a “market perform” rating and set a $20.00 price objective on shares of Victoria’s Secret & Co. in a research report on Thursday, June 6th. Finally, Wells Fargo & Company decreased their price objective on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.50.

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.