Federated Hermes Inc. Buys 30,346 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Federated Hermes Inc. boosted its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,385 shares of the company's stock after purchasing an additional 30,346 shares during the period. Federated Hermes Inc. owned about 0.17% of Victoria's Secret & Co. worth $5,483,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Victoria's Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after acquiring an additional 326 shares in the last quarter. Picton Mahoney Asset Management increased its position in Victoria's Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock valued at $322,000 after acquiring an additional 477 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Victoria's Secret & Co. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after buying an additional 1,117 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Victoria's Secret & Co. by 7.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company's stock worth $753,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Victoria's Secret & Co. by 0.9% in the fourth quarter. Swiss National Bank now owns 139,000 shares of the company's stock worth $5,757,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 90.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VSCO shares. Telsey Advisory Group reduced their price objective on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research note on Thursday, March 6th. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. UBS Group reduced their price target on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Barclays cut their price target on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company decreased their price target on shares of Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.09.

Victoria's Secret & Co. Stock Up 1.4 %

Shares of VSCO traded up $0.22 during midday trading on Thursday, hitting $15.84. The company had a trading volume of 652,579 shares, compared to its average volume of 2,909,920. The company's 50 day moving average price is $22.28 and its 200 day moving average price is $31.19. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.15 and a beta of 2.26. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. On average, equities research analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Buying and Selling at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $16.78 per share, for a total transaction 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. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have acquired 1,503,973 shares of company stock worth $26,617,312. Insiders own 1.10% of the company's stock.

About Victoria's Secret & Co.

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.