Sequoia Financial Advisors LLC Acquires 1,031 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Sequoia Financial Advisors LLC grew its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 3.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 27,914 shares of the company’s stock after purchasing an additional 1,031 shares during the period. Sequoia Financial Advisors LLC’s holdings in Victoria’s Secret & Co. were worth $741,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Victoria’s Secret & Co. by 43.8% during the 2nd quarter. BlackRock Inc. now owns 10,259,475 shares of the company’s stock worth $178,823,000 after buying an additional 3,125,130 shares during the period. Morgan Stanley boosted its holdings in Victoria’s Secret & Co. by 29.6% in the third quarter. Morgan Stanley now owns 6,019,515 shares of the company’s stock valued at $100,406,000 after acquiring an additional 1,376,294 shares during the last quarter. Wellington Management Group LLP increased its position in Victoria’s Secret & Co. by 7.6% during the 1st quarter. Wellington Management Group LLP now owns 3,366,496 shares of the company’s stock valued at $172,904,000 after purchasing an additional 237,651 shares during the period. UBS Group AG raised its holdings in Victoria’s Secret & Co. by 11.0% during the 3rd quarter. UBS Group AG now owns 3,323,016 shares of the company’s stock worth $55,428,000 after purchasing an additional 328,860 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Victoria’s Secret & Co. by 14.8% in the 2nd quarter. State Street Corp now owns 2,890,674 shares of the company’s stock worth $50,384,000 after purchasing an additional 373,051 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VSCO. Wells Fargo & Company dropped their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. BMO Capital Markets cut their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Bank of America reiterated an “underperform” rating and issued a $15.00 price objective (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $15.00 price target (down from $22.00) on shares of Victoria’s Secret & Co. in a report on Thursday, March 7th. Finally, Telsey Advisory Group dropped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.00.

Victoria’s Secret & Co. Trading Down 2.5 %

NYSE VSCO opened at $17.48 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $1.36 billion, a P/E ratio of 12.85, a PEG ratio of 1.14 and a beta of 2.07. The business has a fifty day simple moving average of $22.99 and a 200 day simple moving average of $22.53. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $34.10.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. On average, analysts predict that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

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.