Teza Capital Management LLC purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,970 shares of the company’s stock, valued at approximately $319,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Crossmark Global Holdings Inc. increased its holdings in shares of Victoria’s Secret & Co. by 0.4% in the third quarter. Crossmark Global Holdings Inc. now owns 79,636 shares of the company’s stock valued at $2,319,000 after purchasing an additional 292 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after purchasing an additional 329 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Victoria’s Secret & Co. by 1.3% in the third quarter. Treasurer of the State of North Carolina now owns 35,443 shares of the company’s stock valued at $1,032,000 after purchasing an additional 460 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Victoria’s Secret & Co. by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 24,705 shares of the company’s stock valued at $719,000 after purchasing an additional 539 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Victoria’s Secret & Co. by 178.9% in the third quarter. Rockefeller Capital Management L.P. now owns 859 shares of the company’s stock valued at $25,000 after purchasing an additional 551 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.
Victoria’s Secret & Co. Trading Down 2.0 %
Shares of NYSE VSCO opened at $31.85 on Monday. The company’s fifty day moving average is $38.77 and its 200-day moving average is $38.12. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.68 and a beta of 2.19. Victoria’s Secret & Co. has a twelve month low of $26.14 and a twelve month high of $56.23. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 4.94.
Insider Activity at Victoria’s Secret & Co.
In related news, major shareholder International Pte Ltd Bbrc sold 116,750 shares of the business’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $46.09, for a total value of $5,381,007.50. Following the sale, the insider now directly owns 8,002,054 shares of the company’s stock, valued at approximately $368,814,668.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Barclays reduced their price objective on shares of Victoria’s Secret & Co. from $51.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 7th. UBS Group cut shares of Victoria’s Secret & Co. from a “neutral” rating to a “sell” rating in a research note on Thursday, January 5th. Cowen raised their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 in a research note on Friday, December 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $45.00 price objective on shares of Victoria’s Secret & Co. in a research note on Friday, March 3rd. Finally, Morgan Stanley raised their price objective on shares of Victoria’s Secret & Co. from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.09.
Victoria’s Secret & Co. Profile
Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.
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