Victoria’s Secret & Co. $VSCO Holdings Decreased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,074 shares of the company’s stock after selling 3,537 shares during the period. Jefferies Financial Group Inc.’s holdings in Victoria’s Secret & Co. were worth $409,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA grew its stake in Victoria’s Secret & Co. by 1,586.7% during the 2nd quarter. Primecap Management Co. CA now owns 1,972,333 shares of the company’s stock valued at $36,528,000 after acquiring an additional 1,855,400 shares in the last quarter. Millennium Management LLC grew its position in Victoria’s Secret & Co. by 9,595.8% during the first quarter. Millennium Management LLC now owns 1,419,080 shares of the company’s stock valued at $26,367,000 after purchasing an additional 1,404,444 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in Victoria’s Secret & Co. by 163.0% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,406,865 shares of the company’s stock valued at $26,140,000 after buying an additional 871,968 shares during the period. Federated Hermes Inc. increased its stake in Victoria’s Secret & Co. by 330.6% in the 1st quarter. Federated Hermes Inc. now owns 570,073 shares of the company’s stock valued at $10,592,000 after buying an additional 437,688 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Victoria’s Secret & Co. by 382.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 487,198 shares of the company’s stock worth $9,023,000 after buying an additional 386,135 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $41.36 on Friday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.14 and a beta of 2.26. The business has a 50-day moving average of $32.55 and a two-hundred day moving average of $25.39. Victoria’s Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.14 and a quick ratio of 0.36.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.20. Victoria’s Secret & Co. had a return on equity of 33.77% and a net margin of 2.42%.The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the business earned $0.40 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VSCO shares. UBS Group restated a “buy” rating on shares of Victoria’s Secret & Co. in a report on Monday. Jefferies Financial Group lowered their target price on Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Victoria’s Secret & Co. in a research report on Thursday, October 30th. Telsey Advisory Group lifted their price target on Victoria’s Secret & Co. from $24.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company boosted their price target on Victoria’s Secret & Co. from $14.00 to $17.00 and gave the company an “underweight” rating in a research note on Friday, August 29th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.91.

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.