Polar Asset Management Partners Inc. Acquires 27,500 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Polar Asset Management Partners Inc. boosted its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 33.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,000 shares of the company’s stock after acquiring an additional 27,500 shares during the quarter. Polar Asset Management Partners Inc. owned 0.14% of Victoria’s Secret & Co. worth $2,801,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VSCO. FMR LLC boosted its holdings in Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Victoria’s Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after purchasing an additional 258,059 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Victoria’s Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock worth $41,338,000 after purchasing an additional 76,858 shares during the last quarter. Finally, Forest Avenue Capital Management LP bought a new stake in Victoria’s Secret & Co. in the 3rd quarter worth about $40,861,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 2.0 %

Shares of VSCO opened at $43.02 on Friday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $44.40. The business has a 50-day moving average of $31.53 and a 200 day moving average of $24.38. The firm has a market cap of $3.38 billion, a P/E ratio of 25.01 and a beta of 2.19. 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. (NYSE:VSCO) last posted its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned ($0.86) earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on VSCO. BMO Capital Markets lifted their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. UBS Group lifted their price target on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the stock a “sell” rating in a report on Thursday. Jefferies Financial Group upped their price objective on 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. Wells Fargo & Company raised their target price on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Barclays raised 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 report on Wednesday, September 18th. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.45.

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.