Intech Investment Management LLC Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Intech Investment Management LLC acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,880 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VSCO. AQR Capital Management LLC grew its stake in shares of Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after buying an additional 1,368,103 shares during the last quarter. 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 valued at $10,924,000 after buying an additional 571,295 shares during the last quarter. Lombard Odier Asset Management USA Corp grew its stake in shares of Victoria’s Secret & Co. by 102.3% during 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. Victory Capital Management Inc. grew its stake in shares of Victoria’s Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after buying an additional 258,059 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Victoria’s Secret & Co. during the second quarter valued at about $2,486,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Trading Down 0.0 %

NYSE:VSCO opened at $41.90 on Wednesday. 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 12 month low of $15.12 and a 12 month high of $42.95. The company has a market cap of $3.29 billion, a PE ratio of 24.36 and a beta of 2.19. The company has a 50 day simple moving average of $30.87 and a two-hundred day simple moving average of $24.11.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets raised their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Barclays raised Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. The Goldman Sachs Group raised their target price 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. Wells Fargo & Company raised their target price on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Bank of America raised their target price on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.60.

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.