DekaBank Deutsche Girozentrale Raises Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

DekaBank Deutsche Girozentrale boosted its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 70.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,693 shares of the company’s stock after buying an additional 3,600 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Victoria’s Secret & Co. were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Victoria’s Secret & Co. by 6.5% during the 1st quarter. JPMorgan Chase & Co. now owns 280,547 shares of the company’s stock valued at $14,407,000 after purchasing an additional 17,208 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Victoria’s Secret & Co. by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 650,103 shares of the company’s stock valued at $33,389,000 after buying an additional 7,239 shares during the period. American Century Companies Inc. bought a new position in shares of Victoria’s Secret & Co. during the first quarter valued at approximately $965,000. Cambridge Investment Research Advisors Inc. lifted its stake in Victoria’s Secret & Co. by 24.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,629 shares of the company’s stock worth $340,000 after acquiring an additional 1,303 shares during the period. Finally, Citigroup Inc. lifted its stake in Victoria’s Secret & Co. by 94.6% in the first quarter. Citigroup Inc. now owns 23,498 shares of the company’s stock worth $1,207,000 after acquiring an additional 11,421 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Victoria’s Secret & Co. Stock Down 2.3 %

VSCO stock opened at $17.09 on Wednesday. The business has a 50 day moving average of $22.81 and a 200 day moving average of $22.54. The firm has a market cap of $1.33 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.14 and a beta of 2.07. Victoria’s Secret & Co. has a twelve month low of $13.62 and a twelve month high of $34.10. 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 released its earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Victoria’s Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. On average, research analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

About Victoria’s Secret & Co.

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.