Tandem Investment Advisors Inc. Acquires New Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Tandem Investment Advisors Inc. bought a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, Holdings Channel.com reports. The firm bought 5,518 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VSCO. FMR LLC boosted its holdings in shares of Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after acquiring an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP bought a new position in Victoria’s Secret & Co. in the third quarter valued at about $40,861,000. Two Sigma Advisers LP boosted its stake in shares of Victoria’s Secret & Co. by 172.0% during the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after purchasing an additional 318,099 shares in the last quarter. Castellan Group bought a new stake in shares of Victoria’s Secret & Co. during the third quarter worth about $6,218,000. Finally, Weiss Asset Management LP acquired a new position in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $4,397,000. Institutional investors own 90.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on VSCO shares. Telsey Advisory Group cut their target price on shares of Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley cut their price target on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Bank of America reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research report on Thursday, January 30th. Finally, Jefferies Financial Group upped their price target on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.36.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $29.27 on Friday. The business has a 50-day moving average price of $37.83 and a two-hundred day moving average price of $32.08. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a market cap of $2.30 billion, a P/E ratio of 15.17, a PEG ratio of 1.17 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm posted ($0.86) earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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.