Hedge Funds are Buying These 5 Stocks for the Rest of 2021

2. Victoria’s Secret & Co. (NYSE:VSCO)

Number of Hedge Fund Holders in Q3: 37  

Number of Hedge Fund Holders in Q2: 0  

Victoria’s Secret & Co. (NYSE:VSCO) is a specialty retailer of personal care, intimate, and beauty products. The firm beat market estimates on earnings per share for the third quarter by $0.10 but missed on revenue. 

Morgan Stanley analyst Kimberly Greenberger has an Equal Weight rating on Victoria’s Secret & Co. (NYSE:VSCO) stock with a price target of $69. In a recent investor note, the analyst highlighted supply chain headwinds as one of the reasons why there was limited upside potential in the shares.

At the end of the third quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth $1.9 billion in Victoria’s Secret & Co. (NYSE:VSCO).