Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP cut its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 29.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 178,770 shares of the company’s stock after selling 75,478 shares during the period. Cinctive Capital Management LP owned 0.23% of Victoria’s Secret & Co. worth $4,594,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in VSCO. Blue Trust Inc. lifted its position in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at $50,000. Quarry LP lifted its holdings in shares of Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after acquiring an additional 1,764 shares in the last quarter. GAMMA Investing LLC boosted its position in Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after purchasing an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at $92,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VSCO has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Telsey Advisory Group boosted their price target on Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets upped their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.60.

Victoria’s Secret & Co. Stock Up 7.8 %

Shares of NYSE:VSCO opened at $41.88 on Tuesday. The firm has a market cap of $3.29 billion, a PE ratio of 24.35 and a beta of 2.19. The company has a fifty day simple moving average of $30.55 and a 200 day simple moving average of $23.96. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $42.95.

Victoria’s Secret & Co. Company 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.