Qsemble Capital Management LP Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Qsemble Capital Management LP purchased a new position in Victoria’s Secret & Co. (NYSE:VSCO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,896 shares of the company’s stock, valued at approximately $794,000.

Several other institutional investors also recently bought and sold shares of VSCO. Dark Forest Capital Management LP bought a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $589,000. Aristeia Capital L.L.C. purchased a new position in shares of Victoria’s Secret & Co. in the second quarter worth $1,171,000. Alpha DNA Investment Management LLC bought a new position in shares of Victoria’s Secret & Co. during the second quarter valued at $408,000. Bank of New York Mellon Corp boosted its position in shares of Victoria’s Secret & Co. by 16.4% during the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock valued at $11,529,000 after buying an additional 91,712 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Victoria’s Secret & Co. by 234.9% during the second quarter. The Manufacturers Life Insurance Company now owns 41,577 shares of the company’s stock valued at $735,000 after buying an additional 29,161 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Trading Up 0.3 %

NYSE:VSCO opened at $37.50 on Wednesday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $39.39. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.80 and a beta of 2.10. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The firm has a 50 day moving average of $29.53 and a 200 day moving average of $23.49.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. As a group, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets raised their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Finally, Bank of America lifted their price objective on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Company Profile

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.