PNC Financial Services Group Inc. Grows Position in Victoria’s Secret & Co. (NYSE:VSCO)

PNC Financial Services Group Inc. grew its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,203 shares of the company’s stock after purchasing an additional 628 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Victoria’s Secret & Co. were worth $297,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Victoria’s Secret & Co. by 4.2% during the third quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock worth $11,009,000 after purchasing an additional 26,412 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth approximately $176,000. Teza Capital Management LLC acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth approximately $299,000. Gotham Asset Management LLC lifted its position in shares of Victoria’s Secret & Co. by 12.9% during the 3rd quarter. Gotham Asset Management LLC now owns 137,014 shares of the company’s stock valued at $2,285,000 after buying an additional 15,703 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Victoria’s Secret & Co. by 4.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company’s stock valued at $24,951,000 after acquiring an additional 61,693 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VSCO. Bank of America reaffirmed an “underperform” rating and set a $15.00 price objective (down from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. BMO Capital Markets decreased their price target on shares of 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. The Goldman Sachs Group began coverage on Victoria’s Secret & Co. in a research note on Thursday, April 25th. They set a “sell” rating and a $14.00 price objective for the company. Morgan Stanley downgraded Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Monday, May 6th. Finally, Barclays lifted their price target on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Friday, June 7th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.50.

Victoria’s Secret & Co. Stock Down 2.4 %

Shares of VSCO opened at $17.67 on Monday. Victoria’s Secret & Co. has a 52-week low of $13.62 and a 52-week high of $30.80. The company has a quick ratio of 0.28, a current ratio of 0.97 and a debt-to-equity ratio of 2.51. The stock has a fifty day simple moving average of $19.37 and a two-hundred day simple moving average of $22.25. The company has a market capitalization of $1.38 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.09 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Victoria’s Secret & Co.’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 1.72 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.