Fox Run Management L.L.C. Sells 15,838 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Fox Run Management L.L.C. lowered its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 62.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,412 shares of the company’s stock after selling 15,838 shares during the period. Fox Run Management L.L.C.’s holdings in Victoria’s Secret & Co. were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Victoria’s Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. Geode Capital Management LLC raised its stake in Victoria’s Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after buying an additional 24,967 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Victoria’s Secret & Co. by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock worth $67,562,000 after acquiring an additional 22,684 shares in the last quarter. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth $40,861,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Victoria’s Secret & Co. by 172.0% during the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after acquiring an additional 318,099 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

VSCO has been the topic of several recent analyst reports. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their price target on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. UBS Group lowered their price objective on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. TD Cowen lifted their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.73.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the acquisition, the insider now owns 9,255,347 shares of the company’s stock, valued at $155,304,722.66. The trade was a 0.88 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Victoria’s Secret & Co. Trading Down 5.1 %

Victoria’s Secret & Co. stock opened at $19.52 on Thursday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a market cap of $1.53 billion, a P/E ratio of 10.11, a P/E/G 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. The business has a 50-day simple moving average of $28.65 and a two-hundred day simple moving average of $32.10.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current 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.