SG Americas Securities LLC boosted its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 242.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,024 shares of the company’s stock after buying an additional 47,453 shares during the period. SG Americas Securities LLC owned about 0.08% of Victoria’s Secret & Co. worth $3,631,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversified Trust Co. purchased a new position in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $224,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $431,000. Wedmont Private Capital acquired a new position in Victoria’s Secret & Co. in the 4th quarter worth approximately $303,000. GAMMA Investing LLC grew its position in Victoria’s Secret & Co. by 6.8% during the 4th quarter. GAMMA Investing LLC now owns 8,412 shares of the company’s stock worth $456,000 after purchasing an additional 537 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Victoria’s Secret & Co. during the 3rd quarter worth approximately $201,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.
Victoria’s Secret & Co. Stock Performance
Shares of VSCO opened at $45.92 on Friday. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.43 and a beta of 2.26. The company’s fifty day moving average is $54.03 and its 200-day moving average is $46.00. The company has a quick ratio of 0.54, a current ratio of 1.25 and a debt-to-equity ratio of 1.07. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $66.89.
Analyst Upgrades and Downgrades
VSCO has been the subject of several recent analyst reports. Zacks Research raised Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Wall Street Zen raised Victoria’s Secret & Co. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 28th. Jefferies Financial Group restated a “buy” rating on shares of Victoria’s Secret & Co. in a research report on Thursday, March 5th. Barclays lifted their target price on Victoria’s Secret & Co. from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from a “neutral” rating to an “overweight” rating and upped their target price for the company from $34.00 to $60.00 in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.20.
Get Our Latest Stock Analysis on VSCO
About Victoria’s Secret & Co.
Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.
The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.
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