Zurcher Kantonalbank Zurich Cantonalbank Acquires 2,286 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,625 shares of the company’s stock after purchasing an additional 2,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Victoria’s Secret & Co. were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of VSCO. Everence Capital Management Inc. bought a new stake in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $223,000. Louisiana State Employees Retirement System bought a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at $1,027,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Victoria’s Secret & Co. by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,914 shares of the company’s stock valued at $741,000 after buying an additional 1,031 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Victoria’s Secret & Co. by 70.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 8,693 shares of the company’s stock valued at $230,000 after buying an additional 3,600 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter worth $543,000. Institutional investors own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

VSCO has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. in a report on Thursday, April 25th. They set a “sell” rating and a $14.00 target price for the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $15.00 price target (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. BMO Capital Markets reduced their price objective on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Finally, Bank of America reissued an “underperform” rating and set a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.27.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $17.55 on Friday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 1.11 and a beta of 2.05. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $30.80. The stock’s 50 day simple moving average is $20.02 and its two-hundred day simple moving average is $22.62. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.09 billion. As a group, equities analysts anticipate that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

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.