Artemis Investment Management LLP Has $117.34 Million Position in Victoria’s Secret & Co. (NYSE:VSCO)

Artemis Investment Management LLP boosted its holdings in Victoria’s Secret & Co. (NYSE:VSCOGet Rating) by 50.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,289,174 shares of the company’s stock after purchasing an additional 764,441 shares during the quarter. Victoria’s Secret & Co. comprises approximately 0.9% of Artemis Investment Management LLP’s investment portfolio, making the stock its 25th largest holding. Artemis Investment Management LLP owned about 2.58% of Victoria’s Secret & Co. worth $117,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VSCO. Ruffer LLP acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $75,342,000. Laurion Capital Management LP acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $62,062,000. Windacre Partnership LLC lifted its stake in Victoria’s Secret & Co. by 16.4% during the 4th quarter. Windacre Partnership LLC now owns 7,204,300 shares of the company’s stock valued at $400,127,000 after acquiring an additional 1,015,800 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Victoria’s Secret & Co. during the 3rd quarter valued at $34,692,000. Finally, Cardinal Capital Management LLC CT lifted its stake in Victoria’s Secret & Co. by 113.4% during the 4th quarter. Cardinal Capital Management LLC CT now owns 870,885 shares of the company’s stock valued at $48,369,000 after acquiring an additional 462,834 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on VSCO. JPMorgan Chase & Co. dropped their price objective on Victoria’s Secret & Co. from $71.00 to $57.00 in a research note on Wednesday, June 1st. UBS Group dropped their price objective on Victoria’s Secret & Co. from $59.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, June 6th. Telsey Advisory Group dropped their price objective on Victoria’s Secret & Co. from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 1st. Wells Fargo & Company lowered their target price on Victoria’s Secret & Co. from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 1st. Finally, Evercore ISI lowered their target price on Victoria’s Secret & Co. to $65.00 in a research note on Friday, June 3rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.91.

Shares of Victoria’s Secret & Co. stock opened at $27.98 on Friday. Victoria’s Secret & Co. has a 52-week low of $27.50 and a 52-week high of $76.00. The stock’s 50-day simple moving average is $41.10 and its 200 day simple moving average is $48.80. The stock has a market capitalization of $2.32 billion and a P/E ratio of 4.55. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.32 and a current ratio of 1.04.

Victoria’s Secret & Co. (NYSE:VSCOGet Rating) last announced its quarterly earnings data on Tuesday, May 31st. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.26. Victoria’s Secret & Co. had a return on equity of 138.53% and a net margin of 8.24%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Victoria’s Secret & Co.’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts forecast that Victoria’s Secret & Co. will post 6.95 EPS for the current fiscal year.

About Victoria’s Secret & Co. (Get Rating)

Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.

See Also

Institutional Ownership by Quarter for Victoria's Secret & Co. (NYSE:VSCO)

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