Scotia Capital Inc. Makes New Investment in Victoria’s Secret & Co. $VSCO

Scotia Capital Inc. acquired a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,008 shares of the company’s stock, valued at approximately $371,000.

Other institutional investors have also modified their holdings of the company. Primecap Management Co. CA increased its holdings in Victoria’s Secret & Co. by 1,586.7% in the second quarter. Primecap Management Co. CA now owns 1,972,333 shares of the company’s stock valued at $36,528,000 after buying an additional 1,855,400 shares during the last quarter. Millennium Management LLC boosted its position in shares of Victoria’s Secret & Co. by 9,595.8% during the 1st quarter. Millennium Management LLC now owns 1,419,080 shares of the company’s stock worth $26,367,000 after acquiring an additional 1,404,444 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its holdings in shares of Victoria’s Secret & Co. by 163.0% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company’s stock valued at $26,140,000 after acquiring an additional 871,968 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Victoria’s Secret & Co. by 382.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 487,198 shares of the company’s stock valued at $9,023,000 after acquiring an additional 386,135 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 1st quarter worth about $7,170,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VSCO. Jefferies Financial Group lowered their price target on Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. upped their target price on shares of Victoria’s Secret & Co. from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Barclays reaffirmed an “overweight” rating and issued a $47.00 target price on shares of Victoria’s Secret & Co. in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Victoria’s Secret & Co. in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus price target of $33.18.

Victoria’s Secret & Co. Stock Down 4.9%

VSCO stock opened at $41.96 on Wednesday. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 23.31 and a beta of 2.24. The company has a fifty day moving average price of $33.24 and a 200 day moving average price of $25.70. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.36. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73.

Victoria’s Secret & Co. Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.