Y Intercept Hong Kong Ltd Buys New Stake in Victoria’s Secret & Co. (NYSE:VSCO)

Y Intercept Hong Kong Ltd purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 29,897 shares of the company’s stock, valued at approximately $768,000.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares during the period. AQR Capital Management LLC boosted its holdings in Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after acquiring an additional 1,368,103 shares during the period. Victory Capital Management Inc. grew its position in Victoria’s Secret & Co. by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after acquiring an additional 258,059 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Victoria’s Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after purchasing an additional 76,858 shares during the period. Finally, Forest Avenue Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. during the third quarter worth $40,861,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $48.72 on Friday. The company has a market cap of $3.83 billion, a PE ratio of 25.24, a P/E/G ratio of 2.79 and a beta of 2.19. The company has a fifty day moving average price of $34.55 and a two-hundred day moving average price of $25.62. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted ($0.86) EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts expect that Victoria’s Secret & Co. will post 2.31 earnings per share for the current year.

Analysts Set New Price Targets

VSCO has been the topic of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Jefferies Financial Group increased their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. TD Cowen lifted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. The Goldman Sachs Group increased their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.73.

Victoria’s Secret & Co. 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.