Harvest Fund Management Co. Ltd Acquires New Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Harvest Fund Management Co. Ltd bought a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,191 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its stake in Victoria’s Secret & Co. by 56.8% in the 4th quarter. Wolverine Asset Management LLC now owns 40,135 shares of the company’s stock worth $1,065,000 after purchasing an additional 14,545 shares in the last quarter. GAMMA Investing LLC purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth about $41,000. Larson Financial Group LLC increased its stake in Victoria’s Secret & Co. by 5,885.6% in the 4th quarter. Larson Financial Group LLC now owns 5,806 shares of the company’s stock worth $154,000 after purchasing an additional 5,709 shares in the last quarter. Duality Advisers LP purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth about $1,859,000. Finally, Arena Capital Advisors LLC CA purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth about $106,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Down 3.1 %

Shares of Victoria’s Secret & Co. stock opened at $17.01 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.12 and a beta of 2.07. 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. has a 52-week low of $13.62 and a 52-week high of $31.66. The stock has a 50-day simple moving average of $21.17 and a 200-day simple moving average of $22.54.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates 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, equities research analysts expect that Victoria’s Secret & Co. will post 1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on VSCO. BMO Capital Markets dropped their price target on Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. restated an “underweight” rating and set a $15.00 price objective (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Wells Fargo & Company decreased their price objective on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Telsey Advisory Group decreased their price objective on Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group started coverage on Victoria’s Secret & Co. in a research report on Thursday. They set a “sell” rating and a $14.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus target price of $21.27.

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.