Wakefield Asset Management LLLP Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Wakefield Asset Management LLLP acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,929 shares of the company’s stock, valued at approximately $991,000.

A number of other hedge funds also recently bought and sold shares of VSCO. FMR LLC increased its holdings in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after acquiring an additional 1,636,602 shares during the period. Forest Avenue Capital Management LP bought a new stake in Victoria’s Secret & Co. during the third quarter valued at about $40,861,000. Two Sigma Advisers LP grew its stake in Victoria’s Secret & Co. by 172.0% in the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after purchasing an additional 318,099 shares during the last quarter. Castellan Group bought a new position in Victoria’s Secret & Co. in the third quarter worth about $6,218,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $4,397,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VSCO shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $40.00 price objective on shares of Victoria’s Secret & Co. in a research report on Wednesday. Jefferies Financial Group lifted 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 report on Tuesday, November 12th. TD Cowen increased their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Bank of America decreased their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus target price of $41.18.

Victoria’s Secret & Co. Stock Down 5.3 %

Shares of VSCO stock opened at $26.85 on Friday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The firm has a market capitalization of $2.11 billion, a PE ratio of 13.91, a P/E/G ratio of 1.15 and a beta of 2.11. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock’s 50-day simple moving average is $36.13 and its 200-day simple moving average is $32.42.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned ($0.86) EPS. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.