Oppenheimer Asset Management Inc. Invests $360,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Oppenheimer Asset Management Inc. bought a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,017 shares of the company’s stock, valued at approximately $360,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VSCO. Blue Trust Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Victoria’s Secret & Co. in the second quarter valued at $50,000. Quarry LP grew its position in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares during the period. GAMMA Investing LLC increased its stake in Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth about $92,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VSCO. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Jefferies Financial Group increased their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Bank of America increased their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Finally, TD Cowen boosted their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Trading Down 0.9 %

Shares of VSCO opened at $36.25 on Wednesday. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $37.72. The stock has a 50-day moving average price of $28.43 and a 200 day moving average price of $22.97. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The company has a market capitalization of $2.85 billion, a P/E ratio of 21.08 and a beta of 2.10.

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

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.