Aigen Investment Management LP Invests $332,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Aigen Investment Management LP acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,911 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its holdings in shares of Victoria’s Secret & Co. by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock valued at $663,000 after acquiring an additional 715 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Victoria’s Secret & Co. by 13.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after buying an additional 835 shares during the period. Louisiana State Employees Retirement System lifted its position in Victoria’s Secret & Co. by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Victoria’s Secret & Co. by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock worth $1,313,000 after acquiring an additional 1,205 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Victoria’s Secret & Co. by 8.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after acquiring an additional 1,280 shares in the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Up 1.8 %

Shares of Victoria’s Secret & Co. stock opened at $36.68 on Friday. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $37.62. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The business’s 50 day simple moving average is $27.87 and its 200-day simple moving average is $22.64.

Victoria’s Secret & Co. (NYSE:VSCO) last issued 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. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Equities research analysts forecast that Victoria’s Secret & Co. will post 1.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on VSCO shares. BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group upped 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 report on Tuesday. TD Cowen lifted their target price 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 increased their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Bank of America lifted 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. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.30.

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.