Martingale Asset Management L P Invests $831,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Martingale Asset Management L P purchased a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 32,323 shares of the company’s stock, valued at approximately $831,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. during the 2nd quarter worth about $50,000. Quarry LP increased its position in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Victoria’s Secret & Co. by 109.5% in the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $92,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $41.88 on Tuesday. The stock has a market cap of $3.29 billion, a PE ratio of 24.35 and a beta of 2.19. The stock has a 50-day moving average of $30.55 and a 200-day moving average of $23.96. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $42.95.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. Jefferies Financial Group raised their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Telsey Advisory Group boosted their price objective on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group raised their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus target price of $27.60.

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.