Cwm LLC Grows Position in Victoria’s Secret & Co. (NYSE:VSCO)

Cwm LLC lifted its position in Victoria’s Secret & Co. (NYSE:VSCO) by 289.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,365 shares of the company’s stock after purchasing an additional 4,730 shares during the period. Cwm LLC’s holdings in Victoria’s Secret & Co. were worth $169,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. UBS Group AG boosted its position in Victoria’s Secret & Co. by 11.0% during the 3rd quarter. UBS Group AG now owns 3,323,016 shares of the company’s stock valued at $55,428,000 after buying an additional 328,860 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Victoria’s Secret & Co. by 4.3% during the third quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock worth $24,951,000 after purchasing an additional 61,693 shares during the period. Kettle Hill Capital Management LLC bought a new stake in shares of Victoria’s Secret & Co. in the third quarter worth about $18,645,000. Charles Schwab Investment Management Inc. increased its holdings in Victoria’s Secret & Co. by 17.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,004,148 shares of the company’s stock valued at $16,749,000 after purchasing an additional 148,165 shares during the period. Finally, Invesco Ltd. raised its position in Victoria’s Secret & Co. by 4.2% during the 3rd quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock valued at $11,009,000 after purchasing an additional 26,412 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Down 1.1 %

VSCO stock opened at $17.55 on Friday. The business has a 50 day moving average of $19.79 and a 200 day moving average of $22.62. The firm has a market cap of $1.36 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.13 and a beta of 2.05. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $30.80. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. On average, research analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VSCO has been the topic of several research analyst reports. Telsey Advisory Group reduced their target price on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. BMO Capital Markets reduced their price target on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Wells Fargo & Company lowered their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Finally, Bank of America reiterated an “underperform” rating and set a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.27.

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.