Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Victoria’s Secret & Co. (NYSE:VSCO) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,625 shares of the company’s stock after purchasing an additional 2,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Victoria’s Secret & Co. were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Victoria’s Secret & Co. by 126.8% in the third quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 914 shares during the period. Systematic Alpha Investments LLC purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter worth $58,000. NBC Securities Inc. acquired a new position in Victoria’s Secret & Co. during the third quarter worth $74,000. DekaBank Deutsche Girozentrale purchased a new position in Victoria’s Secret & Co. during the third quarter valued at $82,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at about $176,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America restated an “underperform” rating and set a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Wells Fargo & Company reduced their target price on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Telsey Advisory Group lowered their price target on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $15.00 price objective (down from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group began coverage on Victoria’s Secret & Co. in a report on Thursday, April 25th. They issued a “sell” rating and a $14.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.27.

Victoria’s Secret & Co. Stock Down 1.1 %

Shares of VSCO opened at $17.55 on Friday. Victoria’s Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The stock has a fifty day simple moving average of $20.02 and a two-hundred day simple moving average of $22.62. The company has a market capitalization of $1.36 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.11 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

Victoria’s Secret & Co. Company 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.