Renaissance Technologies LLC Trims Position in Victoria’s Secret & Co. (NYSE:VSCO)

Renaissance Technologies LLC decreased its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 65.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,200 shares of the company’s stock after selling 501,000 shares during the quarter. Renaissance Technologies LLC’s holdings in Victoria’s Secret & Co. were worth $10,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Victoria’s Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after purchasing an additional 1,231,090 shares during the period. JPMorgan Chase & Co. raised its stake in Victoria’s Secret & Co. by 84.9% in the fourth quarter. JPMorgan Chase & Co. now owns 581,847 shares of the company’s stock worth $24,100,000 after buying an additional 267,080 shares in the last quarter. Castellan Group purchased a new stake in Victoria’s Secret & Co. in the third quarter worth about $6,218,000. Raymond James Financial Inc. bought a new stake in Victoria’s Secret & Co. during the 4th quarter valued at approximately $7,373,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Victoria’s Secret & Co. by 7.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after acquiring an additional 137,074 shares during the period. Institutional investors own 90.29% of the company’s stock.

Analyst Ratings Changes

VSCO has been the subject of a number of research analyst reports. BMO Capital Markets lowered their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Barclays reduced their target price on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company lowered their price target on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Finally, UBS Group cut their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus price target of $30.09.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $15.65 on Thursday. Victoria’s Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a market capitalization of $1.23 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The firm has a 50 day moving average of $22.28 and a 200 day moving average of $31.19. 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, topping analysts’ consensus estimates 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 business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc bought 584,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the acquisition, the insider now owns 10,098,131 shares of the company’s stock, valued at $186,613,460.88. This trade represents a 6.14 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is owned by corporate insiders.

Victoria’s Secret & Co. 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.