Oak Thistle LLC’s Investment in Victoria’s Secret & Co.
Oak Thistle LLC has recently entered the market for Victoria’s Secret & Co. (NYSE: VSCO), purchasing 20,469 shares valued at approximately $543,000 during the fourth quarter, as per its latest filing with the Securities and Exchange Commission. This strategic move by the institutional investor reflects a growing interest in the company’s potential.
Growing Interest from Hedge Funds
Various hedge funds have shown increased interest in Victoria’s Secret & Co., either adding to or trimming their existing stakes. Parkside Financial Bank & Trust, Captrust Financial Advisors, Quarry LP, CWM LLC, and Lazard Asset Management LLC are among those who have recently diversified their portfolios with investments in the company. Currently, institutional investors and hedge funds collectively own 90.29% of Victoria’s Secret & Co. stock.
Victoria’s Secret Stock Performance After Oak Thistle Investment
Victoria’s Secret & Co. commenced trading on Thursday at $17.40. At the time of this publishing, the stock is trading at $18.3, reflecting a notable increase. The company demonstrates a debt-to-equity ratio of 2.56, a current ratio of 0.95, and a quick ratio of 0.34. Its fifty-day moving average stands at $24.23, while the 200-day moving average is $22.42. The market capitalization of Victoria’s Secret & Co. is reported at $1.35 billion.
Earnings Report and Analyst Projections
In its last earnings report released on March 6th, Victoria’s Secret & Co. exceeded analysts’ expectations, reporting $2.58 EPS for the quarter, surpassing the consensus estimate of $2.46 by $0.12. The company also recorded revenue of $2.08 billion for the quarter, slightly below the consensus estimate of $2.09 billion. Sell-side analysts project that Victoria’s Secret & Co. will post 1.68 earnings per share for the current fiscal year.
Wall Street Analyst Assessments
A series of equities research analysts have provided insights into Victoria’s Secret & Co.’s stock performance. BMO Capital Markets, JPMorgan Chase & Co., Telsey Advisory Group, Wells Fargo & Company, and Bank of America are among the firms that have released reports on the stock. While some analysts have issued optimistic outlooks, others have adopted a more cautious stance. As of now, the stock holds a consensus rating of “Hold” with an average price target of $22.00, as per data from MarketBeat.com.
Oak Thistle LLC’s recent investment in Victoria’s Secret & Co. underscores the growing confidence in the company’s potential for growth. With institutional investors showing increased interest and varying assessments from Wall Street analysts, the stock continues to attract attention within the market.
Source: Defense World
