Geode Capital Management LLC Raises Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Geode Capital Management LLC raised its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 1.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,794,221 shares of the company’s stock after purchasing an additional 24,967 shares during the quarter. Geode Capital Management LLC’s holdings in Victoria’s Secret & Co. were worth $46,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. AQR Capital Management LLC boosted its stake in 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 worth $47,864,000 after buying an additional 1,368,103 shares during the period. Victory Capital Management Inc. increased its position 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 acquiring an additional 258,059 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Victoria’s Secret & Co. by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after acquiring an additional 76,858 shares during the period. Finally, Forest Avenue Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $40,861,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 6.2 %

NYSE VSCO opened at $42.18 on Tuesday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The firm has a 50 day moving average of $36.49 and a two-hundred day moving average of $26.45. The company has a quick ratio of 0.31, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $3.32 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.86) earnings per share. As a group, research analysts expect that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on VSCO. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective on Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their target price for the company from $18.00 to $47.00 in a report on Tuesday, December 10th. Jefferies Financial Group boosted their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Bank of America raised their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.73.

About Victoria’s Secret & Co.

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.