DekaBank Deutsche Girozentrale Acquires 3,600 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

DekaBank Deutsche Girozentrale lifted its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 70.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,693 shares of the company’s stock after purchasing an additional 3,600 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Victoria’s Secret & Co. were worth $230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Victoria’s Secret & Co. by 6.5% in the first quarter. JPMorgan Chase & Co. now owns 280,547 shares of the company’s stock worth $14,407,000 after acquiring an additional 17,208 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Victoria’s Secret & Co. by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 650,103 shares of the company’s stock valued at $33,389,000 after buying an additional 7,239 shares in the last quarter. American Century Companies Inc. acquired a new stake in Victoria’s Secret & Co. in the first quarter valued at approximately $965,000. Cambridge Investment Research Advisors Inc. grew its holdings in Victoria’s Secret & Co. by 24.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,629 shares of the company’s stock worth $340,000 after purchasing an additional 1,303 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Victoria’s Secret & Co. by 94.6% during the first quarter. Citigroup Inc. now owns 23,498 shares of the company’s stock worth $1,207,000 after purchasing an additional 11,421 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Stock Down 2.3 %

Shares of VSCO stock opened at $17.09 on Wednesday. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $34.10. The stock has a market cap of $1.33 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.14 and a beta of 2.07. The stock has a 50 day moving average of $22.81 and a 200 day moving average of $22.54. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results 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. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. As a group, sell-side analysts expect that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

Analyst Ratings Changes

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

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.