338,577 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Acquired by Norges Bank

Norges Bank purchased a new position in Victoria’s Secret & Co. (NYSE:VSCOFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 338,577 shares of the company’s stock, valued at approximately $8,986,000. Norges Bank owned 0.44% of Victoria’s Secret & Co. at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SummerHaven Investment Management LLC raised its holdings in Victoria’s Secret & Co. by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the company’s stock valued at $967,000 after acquiring an additional 422 shares during the period. Quadrant Capital Group LLC raised its holdings in Victoria’s Secret & Co. by 24.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,037 shares of the company’s stock valued at $107,000 after acquiring an additional 790 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Victoria’s Secret & Co. by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,914 shares of the company’s stock valued at $741,000 after acquiring an additional 1,031 shares during the period. Yarger Wealth Strategies LLC raised its holdings in Victoria’s Secret & Co. by 10.6% during the 4th quarter. Yarger Wealth Strategies LLC now owns 12,198 shares of the company’s stock valued at $324,000 after acquiring an additional 1,168 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Victoria’s Secret & Co. during the 4th quarter valued at $41,000. Institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VSCO. Morgan Stanley cut shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $19.00 to $15.00 in a report on Monday, May 6th. BMO Capital Markets lowered their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Barclays lowered shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $15.00 to $14.00 in a research report on Wednesday, May 8th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $20.00 price target on shares of Victoria’s Secret & Co. in a research report on Friday, May 10th. Six equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Get Our Latest Research Report on Victoria’s Secret & Co.

Victoria’s Secret & Co. Stock Up 1.1 %

Shares of NYSE:VSCO opened at $22.61 on Thursday. Victoria’s Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80. The firm has a fifty day moving average of $19.28 and a 200 day moving average of $22.98. The firm has a market capitalization of $1.75 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.41 and a beta of 2.16. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.34 and a current ratio of 0.95.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last announced its earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 1.75 EPS for the current fiscal year.

Victoria’s Secret & Co. Profile

(Free Report)

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.

Further Reading

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

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