Envestnet Asset Management Inc. Buys 8,335 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Envestnet Asset Management Inc. lifted its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 45.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,522 shares of the company’s stock after acquiring an additional 8,335 shares during the period. Envestnet Asset Management Inc.’s holdings in Victoria’s Secret & Co. were worth $493,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in shares of Victoria’s Secret & Co. in the fourth quarter worth about $218,000. LPL Financial LLC purchased a new stake in Victoria’s Secret & Co. during the fourth quarter valued at approximately $268,000. JPMorgan Chase & Co. raised its position in Victoria’s Secret & Co. by 84.9% during the fourth quarter. JPMorgan Chase & Co. now owns 581,847 shares of the company’s stock valued at $24,100,000 after purchasing an additional 267,080 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in Victoria’s Secret & Co. during the fourth quarter valued at approximately $471,000. Finally, Alliancebernstein L.P. raised its position in Victoria’s Secret & Co. by 1.4% during the fourth quarter. Alliancebernstein L.P. now owns 102,812 shares of the company’s stock valued at $4,258,000 after purchasing an additional 1,461 shares during the period. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 4.1%

Victoria’s Secret & Co. stock opened at $19.72 on Wednesday. Victoria’s Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 1.12 and a beta of 2.17. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.16 and a quick ratio of 0.33. The business has a fifty day moving average price of $19.89 and a 200-day moving average price of $22.48.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Victoria’s Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. Victoria’s Secret & Co.’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. Equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of recent research reports. Bank of America decreased their price objective on Victoria’s Secret & Co. from $20.00 to $18.00 and set an “underperform” rating on the stock in a research report on Thursday, June 12th. Morgan Stanley reaffirmed a “positive” rating on shares of Victoria’s Secret & Co. in a research note on Thursday, June 12th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $24.00 target price on shares of Victoria’s Secret & Co. in a research note on Wednesday, June 11th. Wells Fargo & Company cut their target price on Victoria’s Secret & Co. from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $15.00 price objective on shares of Victoria’s Secret & Co. in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.