Victoria’s Secret & Co. (NYSE:VSCO) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Victoria’s Secret & Co. (NYSE:VSCO) by 102.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,708,766 shares of the company’s stock after buying an additional 1,368,103 shares during the quarter. AQR Capital Management LLC owned approximately 3.46% of Victoria’s Secret & Co. worth $47,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at $8,986,000. PNC Financial Services Group Inc. increased its stake in Victoria’s Secret & Co. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after purchasing an additional 628 shares during the period. Trexquant Investment LP purchased a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at about $561,000. Treasurer of the State of North Carolina boosted its stake in shares of Victoria’s Secret & Co. by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 34,163 shares of the company’s stock worth $907,000 after buying an additional 340 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth about $520,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on VSCO. TD Cowen upped their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note 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 stock a “sell” rating in a research note on Friday, August 30th. Telsey Advisory Group lifted 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. Bank of America upped 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. Finally, Wells Fargo & Company lifted their target price on shares of Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.60.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $26.04 on Friday. The firm’s fifty day simple moving average is $22.05 and its 200-day simple moving average is $19.97. 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 $2.04 billion, a PE ratio of 20.03 and a beta of 2.13. Victoria’s Secret & Co. has a fifty-two week low of $13.62 and a fifty-two week high of $30.80.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Analysts expect that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

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.