Axa S.A. Purchases New Position in Victoria’s Secret & Co. (NYSE:VSCO)

Axa S.A. acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 123,274 shares of the company’s stock, valued at approximately $2,178,000.

Several other hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in shares of 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 acquiring an additional 628 shares during the period. Norges Bank bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $8,986,000. Natixis increased its holdings in shares of Victoria’s Secret & Co. by 1,100,000.0% during the first quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after purchasing an additional 275,000 shares during the period. Aristeia Capital L.L.C. acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $1,171,000. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $408,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $25.70 on Tuesday. 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 $2.02 billion, a PE ratio of 19.77 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. The business has a 50-day simple moving average of $22.20 and a two-hundred day simple moving average of $20.02.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Analysts anticipate that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price target 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. Bank of America increased their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Morgan Stanley boosted 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. Finally, Telsey Advisory Group boosted 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.