Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by River Global Investors LLP

River Global Investors LLP lowered its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 19.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,209 shares of the company’s stock after selling 8,323 shares during the quarter. River Global Investors LLP’s holdings in Victoria’s Secret & Co. were worth $1,417,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $27,000. Smartleaf Asset Management LLC boosted its position in shares of Victoria’s Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares during the period. GAMMA Investing LLC increased its holdings in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after purchasing an additional 326 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Victoria’s Secret & Co. by 13.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after purchasing an additional 835 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Victoria’s Secret & Co. in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 6.4 %

NYSE VSCO opened at $19.08 on Friday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The firm has a 50 day moving average of $34.22 and a two-hundred day moving average of $32.48. The stock has a market capitalization of $1.50 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, research analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lowered their price target on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday. Morgan Stanley dropped their target price on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Barclays cut their price target on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday. Jefferies Financial Group lifted 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 report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their target price on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.18.

Victoria’s Secret & Co. Company 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.