FORA Capital LLC Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

FORA Capital LLC acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 3rd quarter, Holdings Channel reports. The firm acquired 59,190 shares of the company’s stock, valued at approximately $1,521,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Victoria’s Secret & Co. during the 2nd quarter worth approximately $50,000. Quarry LP increased its holdings in Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares during the last quarter. GAMMA Investing LLC increased its holdings in Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at approximately $92,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $38.00 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of 22.09 and a beta of 2.10. The stock has a fifty day moving average price of $29.79 and a 200 day moving average price of $23.61. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last issued 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 return on equity of 44.06% and a net margin of 2.25%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. On average, research analysts forecast that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VSCO shares. BMO Capital Markets boosted their price target on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Telsey Advisory Group boosted their price target on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday. Jefferies Financial Group boosted their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company boosted their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group boosted their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.60.

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.