Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Algert Global LLC

Algert Global LLC decreased its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 92.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,046 shares of the company's stock after selling 77,573 shares during the quarter. Algert Global LLC's holdings in Victoria's Secret & Co. were worth $250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Picton Mahoney Asset Management raised its position in Victoria's Secret & Co. by 6.5% in 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 during the last quarter. Summit Investment Advisors Inc. raised its position in Victoria's Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock valued at $340,000 after purchasing an additional 522 shares during the last quarter. Mariner LLC raised its position in Victoria's Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock valued at $800,000 after purchasing an additional 569 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Victoria's Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Victoria's Secret & Co. by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock valued at $1,097,000 after purchasing an additional 1,117 shares during the last quarter. Hedge funds and other institutional investors own 90.29% of the company's stock.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the purchase, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. The trade was a 0.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on VSCO. Morgan Stanley reduced their price target on shares of Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. BMO Capital Markets cut their price objective on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company restated an "underweight" rating and set a $15.00 price objective (up previously from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, Bank of America cut 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. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.09.

Victoria's Secret & Co. Price Performance

Shares of VSCO traded up $0.36 during trading hours on Friday, reaching $23.56. The company had a trading volume of 2,169,978 shares, compared to its average volume of 2,942,879. The firm has a 50 day simple moving average of $18.91 and a 200-day simple moving average of $30.09. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.15 and a beta of 2.25. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (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 the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share 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.