Profit Investment Management LLC Purchases Shares of 59,274 Victoria’s Secret & Co. (NYSE:VSCO)

Profit Investment Management LLC acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 59,274 shares of the company’s stock, valued at approximately $1,523,000. Profit Investment Management LLC owned about 0.08% of Victoria’s Secret & Co. at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. in the 2nd quarter valued at $50,000. Quarry LP raised its position in shares of Victoria’s Secret & Co. by 126.6% in the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after purchasing an additional 1,764 shares during the period. GAMMA Investing LLC raised its position in shares of Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after purchasing an additional 1,652 shares during the period. Headlands Technologies LLC lifted its stake in shares of Victoria’s Secret & Co. by 1,925.3% during the 2nd quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock worth $155,000 after buying an additional 8,356 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $195,000. 90.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VSCO shares. Bank of America boosted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen increased their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group raised their price target on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.60.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO traded up $0.65 during trading hours on Friday, hitting $25.74. 234,773 shares of the stock were exchanged, compared to its average volume of 2,816,032. The company’s fifty day simple moving average is $23.28 and its two-hundred day simple moving average is $20.32. The company has a market cap of $2.02 billion, a PE ratio of 19.30 and a beta of 2.14. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. Victoria’s Secret & Co. has a 1-year low of $14.57 and a 1-year high of $30.80.

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