The Manufacturers Life Insurance Company Purchases 412 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

The Manufacturers Life Insurance Company raised its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 41,989 shares of the company’s stock after acquiring an additional 412 shares during the period. The Manufacturers Life Insurance Company’s holdings in Victoria’s Secret & Co. were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. increased its position in Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after acquiring an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Victoria’s Secret & Co. during the 2nd quarter worth approximately $50,000. Quarry LP boosted its holdings in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after buying an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $92,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Up 1.3 %

Shares of NYSE VSCO opened at $47.25 on Thursday. The company has a 50 day simple moving average of $33.61 and a 200 day simple moving average of $25.28. The firm has a market cap of $3.71 billion, a PE ratio of 24.48 and a beta of 2.19. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.70. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.59%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned ($0.86) EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VSCO. BMO Capital Markets increased their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Jefferies Financial Group increased their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and raised their price target for the stock from $18.00 to $47.00 in a research report on Tuesday. Bank of America increased their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Finally, Morgan Stanley increased their price objective on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.