Everence Capital Management Inc. Lowers Stake in Victoria’s Secret & Co. (NYSE:VSCO)

Everence Capital Management Inc. decreased its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 36.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,330 shares of the company’s stock after selling 3,070 shares during the quarter. Everence Capital Management Inc.’s holdings in Victoria’s Secret & Co. were worth $221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $27,000. Blue Trust Inc. grew its stake in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $50,000. Quarry LP raised its stake in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Victoria’s Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 1.7 %

Victoria’s Secret & Co. stock opened at $38.49 on Thursday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.88 and a beta of 2.14. The stock’s fifty day moving average is $39.82 and its two-hundred day moving average is $28.44. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned ($0.86) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts predict that Victoria’s Secret & Co. will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. Morgan Stanley raised their price objective on shares of Victoria’s Secret & Co. from $23.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $45.00 price target (up from $33.00) on shares of Victoria’s Secret & Co. in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.73.

Victoria’s Secret & Co. 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.