Dark Forest Capital Management LP Takes $589,000 Position in Victoria’s Secret & Co. (NYSE:VSCO)

Dark Forest Capital Management LP bought a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 33,342 shares of the company’s stock, valued at approximately $589,000.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $50,000. Headlands Technologies LLC raised its position in shares of Victoria’s Secret & Co. by 1,925.3% in the second quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock valued at $155,000 after buying an additional 8,356 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $195,000. Lombard Odier Asset Management USA Corp raised its position in shares of Victoria’s Secret & Co. by 102.3% in 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 last quarter. Finally, Delap Wealth Advisory LLC acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $212,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Trading Up 0.9 %

Shares of VSCO stock opened at $26.02 on Friday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market cap of $2.04 billion, a PE ratio of 20.02 and a beta of 2.13. The company has a 50-day moving average of $22.05 and a two-hundred day moving average of $19.96. 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 announced its earnings results 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. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. On average, analysts predict that Victoria’s Secret & Co. will post 1.98 EPS for the current year.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of recent research reports. Morgan Stanley increased their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Bank of America raised their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Telsey Advisory Group raised their price objective on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, August 29th. TD Cowen raised their price objective on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average target price of $23.60.

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.