Massachusetts Financial Services Co. MA Invests $1.43 Million in Victoria’s Secret & Co. (NYSE:VSCO)

Massachusetts Financial Services Co. MA bought a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 80,738 shares of the company’s stock, valued at approximately $1,427,000. Massachusetts Financial Services Co. MA owned about 0.10% of Victoria’s Secret & Co. at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Victoria’s Secret & Co. by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after purchasing an additional 258,059 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Victoria’s Secret & Co. by 16.4% during the second 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 in the last quarter. Bayberry Capital Partners LP bought a new stake in Victoria’s Secret & Co. in the 1st quarter valued at $11,919,000. Norges Bank acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at $8,986,000. Finally, Natixis lifted its holdings in shares of Victoria’s Secret & Co. by 1,100,000.0% during the 1st quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after acquiring an additional 275,000 shares during the period. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $25.59 on Monday. The business’s 50-day simple moving average is $21.28 and its 200 day simple moving average is $19.75. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 19.68 and a beta of 2.13. Victoria’s Secret & Co. has a 12-month low of $13.62 and a 12-month high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 1.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VSCO shares. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Morgan Stanley raised their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Telsey Advisory Group lifted their price objective on Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, August 29th. Finally, Wells Fargo & Company upped their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.60.

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.