Armistice Capital LLC Has $3.87 Million Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Armistice Capital LLC decreased its position in Victoria’s Secret & Co. (NYSE:VSCO) by 23.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 219,000 shares of the company’s stock after selling 66,000 shares during the quarter. Armistice Capital LLC’s holdings in Victoria’s Secret & Co. were worth $3,870,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VSCO. Victory Capital Management Inc. grew its holdings in 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 acquiring an additional 258,059 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Victoria’s Secret & Co. by 13.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock worth $16,206,000 after purchasing an additional 109,013 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 purchasing an additional 91,712 shares during the period. Marshall Wace LLP grew its stake in shares of Victoria’s Secret & Co. by 1,218.1% during the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after purchasing an additional 571,295 shares during the period. Finally, Bayberry Capital Partners LP bought a new stake in Victoria’s Secret & Co. in the first quarter valued at about $11,919,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $25.81 on Friday. The company has a fifty day moving average price of $21.90 and a 200 day moving average price of $19.91. The firm has a market cap of $2.03 billion, a PE ratio of 19.85 and a beta of 2.13. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Research analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VSCO shares. The Goldman Sachs Group boosted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. TD Cowen boosted their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company increased 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. Morgan Stanley lifted their price target on shares of 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. Finally, Telsey Advisory Group upped their price objective on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.