Primecap Management Co. CA Sells 15,757 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Primecap Management Co. CA trimmed its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,771,616 shares of the company’s stock after selling 15,757 shares during the period. Primecap Management Co. CA’s holdings in Victoria’s Secret & Co. were worth $45,531,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its position in Victoria’s Secret & Co. by 6.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 84,365 shares of the company’s stock valued at $1,635,000 after purchasing an additional 4,851 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Victoria’s Secret & Co. by 43.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,146 shares of the company’s stock worth $744,000 after acquiring an additional 12,110 shares during the period. UniSuper Management Pty Ltd bought a new stake in Victoria’s Secret & Co. in the first quarter valued at $335,000. Price T Rowe Associates Inc. MD increased its position in Victoria’s Secret & Co. by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,395 shares of the company’s stock valued at $900,000 after purchasing an additional 2,594 shares during the period. Finally, Bayberry Capital Partners LP bought a new position in Victoria’s Secret & Co. in the 1st quarter worth $11,919,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VSCO. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.00 target price on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $23.00 to $25.00 in a report on Wednesday, September 18th. Wells Fargo & Company raised their target price on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. BMO Capital Markets increased their price objective on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Bank of America boosted their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. has an average rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. Trading Down 3.0 %

NYSE VSCO opened at $34.97 on Friday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $37.72. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The stock’s fifty day moving average price is $28.98 and its 200-day moving average price is $23.15. The stock has a market cap of $2.75 billion, a P/E ratio of 20.33 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 1.98 EPS 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.