Everence Capital Management Inc. Purchases Shares of 8,400 Victoria’s Secret & Co. (NYSE:VSCO)

Everence Capital Management Inc. purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,400 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Victoria’s Secret & Co. by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock valued at $297,000 after buying an additional 628 shares during the period. Natixis boosted its position in Victoria’s Secret & Co. by 1,100,000.0% in the 1st quarter. Natixis now owns 275,025 shares of the company’s stock valued at $5,330,000 after buying an additional 275,000 shares during the period. Dark Forest Capital Management LP purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $589,000. Aristeia Capital L.L.C. purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $1,171,000. Finally, Alpha DNA Investment Management LLC purchased a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $408,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $29.37 on Wednesday. The company’s fifty day moving average price is $24.57 and its 200 day moving average price is $20.78. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $30.80. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market capitalization of $2.30 billion, a P/E ratio of 22.59 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on VSCO. BMO Capital Markets raised their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Bank of America raised their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Morgan Stanley raised their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company raised their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $24.30.

Victoria’s Secret & Co. Company 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.