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.
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.
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