Amalgamated Bank Buys 12,057 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Posted by on Jun 4th, 2023

Amalgamated Bank boosted its stake in Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,001 shares of the company’s stock after purchasing an additional 12,057 shares during the quarter. Amalgamated Bank owned approximately 0.09% of Victoria’s Secret & Co. worth $2,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in Victoria’s Secret & Co. by 1.7% in the 4th quarter. Sei Investments Co. now owns 344,796 shares of the company’s stock worth $12,337,000 after purchasing an additional 5,607 shares during the period. Aviva PLC bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $73,667,000. Victory Capital Management Inc. boosted its position in shares of Victoria’s Secret & Co. by 22.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,037,976 shares of the company’s stock valued at $37,139,000 after acquiring an additional 191,928 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $2,930,000. Finally, Advisor Group Holdings Inc. boosted its position in shares of Victoria’s Secret & Co. by 13.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,473 shares of the company’s stock valued at $159,000 after acquiring an additional 536 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $20.14 on Friday. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.10 and a quick ratio of 0.43. The business’s 50 day simple moving average is $28.71 and its two-hundred day simple moving average is $35.53. The stock has a market capitalization of $1.57 billion, a P/E ratio of 6.24, a price-to-earnings-growth ratio of 0.44 and a beta of 2.01. Victoria’s Secret & Co. has a one year low of $17.39 and a one year high of $48.16.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.26). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Victoria’s Secret & Co. had a return on equity of 111.04% and a net margin of 4.28%. During the same period last year, the firm earned $1.11 earnings per share. Analysts forecast that Victoria’s Secret & Co. will post 4.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Victoria’s Secret & Co. from $36.00 to $32.00 in a research report on Monday, May 8th. Jefferies Financial Group dropped their price target on Victoria’s Secret & Co. from $50.00 to $39.00 in a research report on Tuesday, May 9th. Wells Fargo & Company dropped their price target on Victoria’s Secret & Co. from $55.00 to $34.00 in a research report on Friday. TheStreet cut Victoria’s Secret & Co. from a “c-” rating to a “d+” rating in a report on Thursday, May 4th. Finally, Morgan Stanley decreased their price objective on Victoria’s Secret & Co. from $44.00 to $19.00 in a report on Friday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.67.

Victoria’s Secret & Co. Profile

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

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