Investors Asset Management of Georgia Inc. GA ADV Invests $207,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,795 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in shares of Victoria’s Secret & Co. by 774.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock worth $33,000 after buying an additional 565 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Victoria’s Secret & Co. by 85.3% during the 1st quarter. Captrust Financial Advisors now owns 1,232 shares of the company’s stock worth $63,000 after buying an additional 567 shares during the last quarter. Quarry LP acquired a new stake in shares of Victoria’s Secret & Co. during the 1st quarter worth about $46,000. CWM LLC lifted its stake in shares of Victoria’s Secret & Co. by 126.8% during the 3rd quarter. CWM LLC now owns 1,635 shares of the company’s stock worth $27,000 after buying an additional 914 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Victoria’s Secret & Co. in the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on VSCO shares. Telsey Advisory Group dropped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Bank of America reiterated an “underperform” rating and issued a $15.00 price objective (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research note on Friday, March 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $15.00 price objective (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research note on Thursday, March 7th. Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Finally, BMO Capital Markets dropped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.00.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $17.22 on Friday. The firm has a 50 day moving average of $22.40 and a 200-day moving average of $22.46. The stock has a market capitalization of $1.34 billion, a PE ratio of 12.66, a PEG ratio of 1.06 and a beta of 2.07. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $34.10.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.46 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. On average, equities research analysts predict that Victoria’s Secret & Co. will post 1.67 EPS for the current fiscal year.

About Victoria’s Secret & Co.

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.