Victoria’s Secret & Co. (NYSE:VSCO) Stake Decreased by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 40.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,377 shares of the company’s stock after selling 91,090 shares during the period. Royce & Associates LP owned approximately 0.17% of Victoria’s Secret & Co. worth $5,607,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VSCO. Natixis Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $444,000. Picton Mahoney Asset Management boosted its stake in Victoria’s Secret & Co. by 6.5% during the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock valued at $322,000 after purchasing an additional 477 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at $218,000. Swiss National Bank increased its position in shares of Victoria’s Secret & Co. by 0.9% during the 4th quarter. Swiss National Bank now owns 139,000 shares of the company’s stock valued at $5,757,000 after purchasing an additional 1,300 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter worth $1,186,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several research reports. Wells Fargo & Company decreased their target price on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Bank of America reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Morgan Stanley dropped their target price on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a 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 for the company in a report on Friday, March 7th. Finally, The Goldman Sachs Group dropped their price target on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a report on Monday, March 10th. 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 company. According to MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average target price of $31.73.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $21.68 on Thursday. The company’s fifty day moving average is $30.24 and its two-hundred day moving average is $32.20. The company has a market cap of $1.70 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. 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 quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share 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. Equities analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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.