US Bancorp DE Raises Position in Victoria’s Secret & Co. (NYSE:VSCO)

US Bancorp DE lifted its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 335.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,409 shares of the company’s stock after buying an additional 8,791 shares during the period. US Bancorp DE’s holdings in Victoria’s Secret & Co. were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. NBC Securities Inc. boosted its holdings in Victoria’s Secret & Co. by 141,000.0% in the first quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock valued at $52,000 after purchasing an additional 2,820 shares during the last quarter. Allworth Financial LP boosted its holdings in Victoria’s Secret & Co. by 677.4% in the first quarter. Allworth Financial LP now owns 3,063 shares of the company’s stock valued at $57,000 after purchasing an additional 2,669 shares during the last quarter. KBC Group NV boosted its holdings in Victoria’s Secret & Co. by 40.8% in the first quarter. KBC Group NV now owns 3,904 shares of the company’s stock valued at $73,000 after purchasing an additional 1,132 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Victoria’s Secret & Co. by 107.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company’s stock valued at $91,000 after purchasing an additional 2,634 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $22.35 on Friday. The stock has a market cap of $1.78 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.23 and a beta of 2.17. The business has a fifty day simple moving average of $20.02 and a 200-day simple moving average of $21.70. The company has a quick ratio of 0.33, a current ratio of 1.16 and a debt-to-equity ratio of 1.60. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, June 11th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Victoria’s Secret & Co. had a return on equity of 37.76% and a net margin of 2.69%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Telsey Advisory Group restated a “market perform” rating and set a $24.00 price objective on shares of Victoria’s Secret & Co. in a research note on Wednesday, June 11th. Wall Street Zen cut Victoria’s Secret & Co. from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Barclays reiterated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, June 12th. Zacks Research upgraded Victoria’s Secret & Co. to a “hold” rating in a research report on Monday, August 11th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $15.00 price target on shares of Victoria’s Secret & Co. in a research report on Wednesday, June 4th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.00.

Victoria’s Secret & Co. 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.