Victoria’s Secret & Co. (NYSE:VSCO) Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Victoria’s Secret & Co. (NYSE:VSCOGet Rating) by 57.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,033 shares of the company’s stock after acquiring an additional 3,299 shares during the period. SG Americas Securities LLC’s holdings in Victoria’s Secret & Co. were worth $253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Shore Management Inc. CT bought a new stake in Victoria’s Secret & Co. in the first quarter worth $89,991,000. Boston Partners bought a new stake in Victoria’s Secret & Co. in the first quarter worth $33,931,000. UBS Group AG boosted its holdings in Victoria’s Secret & Co. by 125.9% in the first quarter. UBS Group AG now owns 1,092,606 shares of the company’s stock worth $56,116,000 after purchasing an additional 609,003 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in Victoria’s Secret & Co. by 93.0% in the second quarter. Frontier Capital Management Co. LLC now owns 764,520 shares of the company’s stock worth $21,384,000 after purchasing an additional 368,358 shares in the last quarter. Finally, Cardinal Capital Management LLC CT boosted its holdings in Victoria’s Secret & Co. by 33.0% in the first quarter. Cardinal Capital Management LLC CT now owns 1,158,437 shares of the company’s stock worth $59,497,000 after purchasing an additional 287,552 shares in the last quarter. 96.39% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $38.20 on Thursday. The stock has a market cap of $3.10 billion, a P/E ratio of 7.51, a PEG ratio of 1.00 and a beta of 1.91. The company’s 50-day simple moving average is $34.37 and its 200 day simple moving average is $36.80. Victoria’s Secret & Co. has a twelve month low of $26.14 and a twelve month high of $65.20. The company has a quick ratio of 0.32, a current ratio of 1.07 and a debt-to-equity ratio of 3.63.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last issued its quarterly earnings data on Wednesday, August 24th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.18. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Victoria’s Secret & Co. had a net margin of 7.13% and a return on equity of 198.36%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. As a group, research analysts forecast that Victoria’s Secret & Co. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on shares of Victoria’s Secret & Co. from $51.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, August 26th. Telsey Advisory Group cut their target price on shares of Victoria’s Secret & Co. from $55.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, July 13th. JPMorgan Chase & Co. boosted their target price on shares of Victoria’s Secret & Co. from $48.00 to $51.00 in a research report on Friday, September 16th. Cowen initiated coverage on shares of Victoria’s Secret & Co. in a research report on Monday, August 1st. They set a “market perform” rating and a $40.00 target price for the company. Finally, Cowen initiated coverage on shares of Victoria’s Secret & Co. in a research report on Monday, August 1st. They set a “market perform” rating and a $40.00 target price for the company. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.08.

About Victoria’s Secret & Co.

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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

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Institutional Ownership by Quarter for Victoria's Secret & Co. (NYSE:VSCO)

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