Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,018 shares of the company’s stock after selling 767 shares during the period. Amalgamated Bank’s holdings in Victoria’s Secret & Co. were worth $592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after purchasing an additional 715 shares during the period. Farther Finance Advisors LLC lifted its position in Victoria’s Secret & Co. by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after buying an additional 835 shares during the period. Louisiana State Employees Retirement System boosted its stake in Victoria’s Secret & Co. by 2.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after buying an additional 1,000 shares during the last quarter. Texas Permanent School Fund Corp grew its holdings in Victoria’s Secret & Co. by 1.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock valued at $1,313,000 after buying an additional 1,205 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Victoria’s Secret & Co. by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock valued at $294,000 after buying an additional 1,280 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VSCO has been the subject of several research reports. Jefferies Financial Group boosted their price objective on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. The Goldman Sachs Group lifted their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Bank of America increased their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price target on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Price Performance

Shares of VSCO stock opened at $36.68 on Friday. The firm has a fifty day simple moving average of $27.87 and a 200-day simple moving average of $22.64. The company has a market capitalization of $2.88 billion, a PE ratio of 21.33 and a beta of 2.10. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $37.62. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. Equities research analysts anticipate that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Victoria’s Secret & Co. 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.