Millrace Asset Group Inc. Makes New $921,000 Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Millrace Asset Group Inc. acquired a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the third quarter, Holdings Channel.com reports. The firm acquired 35,850 shares of the company’s stock, valued at approximately $921,000.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Victoria’s Secret & Co. by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,395 shares of the company’s stock valued at $900,000 after acquiring an additional 2,594 shares during the last quarter. Western Standard LLC purchased a new position in Victoria’s Secret & Co. in the 1st quarter valued at $343,000. CWM LLC increased its stake in Victoria’s Secret & Co. by 172.1% in the 2nd quarter. CWM LLC now owns 17,959 shares of the company’s stock valued at $317,000 after buying an additional 11,360 shares during the period. SummerHaven Investment Management LLC raised its position in Victoria’s Secret & Co. by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after buying an additional 715 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of Victoria’s Secret & Co. by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Trading Up 0.9 %

Victoria’s Secret & Co. stock opened at $37.44 on Tuesday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $39.39. The firm’s 50-day moving average is $29.53 and its 200-day moving average is $23.49. The company has a market cap of $2.94 billion, a P/E ratio of 21.77 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. On average, equities analysts expect that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on VSCO. Jefferies Financial Group boosted 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 report on Tuesday, November 12th. TD Cowen boosted their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, August 30th. BMO Capital Markets boosted their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Friday, August 30th. Finally, Morgan Stanley lifted their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Three equities research 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.30.

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.