Readystate Asset Management LP Has $2.75 Million Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Readystate Asset Management LP increased its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 14.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,726 shares of the company’s stock after buying an additional 13,436 shares during the period. Readystate Asset Management LP’s holdings in Victoria’s Secret & Co. were worth $2,753,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its position in Victoria’s Secret & Co. by 126.8% during the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after buying an additional 914 shares during the period. Parkside Financial Bank & Trust boosted its position in Victoria’s Secret & Co. by 774.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock worth $33,000 after buying an additional 565 shares during the period. Lazard Asset Management LLC acquired a new stake in Victoria’s Secret & Co. during the 2nd quarter worth approximately $40,000. GAMMA Investing LLC acquired a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $41,000. Finally, Captrust Financial Advisors boosted its position in Victoria’s Secret & Co. by 26.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock worth $44,000 after buying an additional 329 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $15.00 target price (down from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Bank of America restated an “underperform” rating and set a $15.00 price target (down previously from $34.00) on shares of Victoria’s Secret & Co. in a report on Friday, March 8th. Telsey Advisory Group lowered their price target on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, March 7th. BMO Capital Markets lowered their price target on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Finally, Wells Fargo & Company lowered their price target on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.00.

Victoria’s Secret & Co. Trading Down 1.9 %

Shares of NYSE:VSCO traded down $0.32 during mid-day trading on Wednesday, hitting $16.76. The company had a trading volume of 2,924,970 shares, compared to its average volume of 2,876,859. The firm has a fifty day moving average price of $22.62 and a 200 day moving average price of $22.50. The company has a market capitalization of $1.30 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.11 and a beta of 2.07. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $34.10.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 6th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. As a group, research analysts forecast that Victoria’s Secret & Co. will post 1.67 EPS for the current year.

About Victoria’s Secret & Co.

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.