Swiss National Bank Purchases New Holdings in Victoria’s Secret (NYSE:VSCO)

Swiss National Bank acquired a new stake in Victoria’s Secret (NYSE:VSCO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 195,000 shares of the company’s stock, valued at approximately $10,776,000.

Other large investors have also added to or reduced their stakes in the company. Egerton Capital UK LLP bought a new position in shares of Victoria’s Secret during the third quarter worth approximately $217,552,000. Victory Capital Management Inc. bought a new position in shares of Victoria’s Secret during the third quarter worth approximately $38,239,000. Los Angeles Capital Management LLC bought a new position in shares of Victoria’s Secret during the third quarter worth approximately $12,048,000. Retirement Systems of Alabama bought a new position in Victoria’s Secret during the 3rd quarter worth $11,573,000. Finally, Roosevelt Investment Group LLC bought a new position in Victoria’s Secret during the 3rd quarter worth $10,130,000. Hedge funds and other institutional investors own 90.92% of the company’s stock.

Shares of VSCO stock opened at $56.33 on Friday. Victoria’s Secret has a 1 year low of $45.65 and a 1 year high of $76.00. The firm’s fifty day simple moving average is $52.88. The company has a current ratio of 1.01, a quick ratio of 0.37 and a debt-to-equity ratio of 3.88.

Victoria’s Secret (NYSE:VSCO) last released its earnings results on Thursday, November 18th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.46 billion. Victoria’s Secret’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Victoria’s Secret will post 7.04 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Wells Fargo & Company lowered their price objective on Victoria’s Secret from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, November 18th. They noted that the move was a valuation call. Bank of America lowered their price objective on Victoria’s Secret from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, November 18th. Jefferies Financial Group started coverage on Victoria’s Secret in a research note on Tuesday, November 30th. They set a “buy” rating and a $75.00 price objective on the stock. B. Riley reduced their target price on Victoria’s Secret from $87.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, November 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $69.00 target price (down previously from $76.00) on shares of Victoria’s Secret in a report on Monday, December 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Victoria’s Secret currently has a consensus rating of “Buy” and a consensus target price of $83.44.

In related news, CEO Gregory Unis sold 6,357 shares of the firm’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $57.19, for a total value of $363,556.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne Sheehan sold 1,033 shares of Victoria’s Secret stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $57.80, for a total transaction of $59,707.40. The disclosure for this sale can be found here.

Victoria’s Secret Profile

Victoria’s Secret & Co is an intimate specialty retailer offering assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear and athleisure, as well as prestige fragrances and body care. Victoria’s Secret & Co is based in COLUMBUS, Ohio.

Read More: What sectors are represented in the Nikkei Index?

Want to see what other hedge funds are holding VSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victoria’s Secret (NYSE:VSCO).

Institutional Ownership by Quarter for Victoria's Secret (NYSE:VSCO)

Receive News & Ratings for Victoria's Secret Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret and related companies with MarketBeat.com's FREE daily email newsletter.