Deutsche Bank AG Lowers Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

Deutsche Bank AG lowered its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 39.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,219 shares of the company's stock after selling 62,669 shares during the quarter. Deutsche Bank AG owned about 0.12% of Victoria's Secret & Co. worth $3,903,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC increased its holdings in shares of Victoria's Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Victoria's Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after acquiring an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Victoria's Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Victoria's Secret & Co. during the fourth quarter valued at $123,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Victoria's Secret & Co. during the fourth quarter valued at $204,000. 90.29% of the stock is currently owned by institutional investors.

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

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This represents a 0.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 1,503,973 shares of company stock worth $26,617,312 in the last three months. 1.10% of the stock is currently owned by company insiders.

Victoria's Secret & Co. Trading Down 3.3%

Victoria's Secret & Co. stock opened at $22.79 on Tuesday. The business has a 50-day simple moving average of $19.03 and a two-hundred day simple moving average of $30.03. The company has a market cap of $1.79 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.15 and a beta of 2.25. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week 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 - Get Free Report) last released 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 return on equity of 44.74% and a net margin of 2.47%. Analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. 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 report on Thursday, February 27th. Morgan Stanley reduced their price objective on Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Telsey Advisory Group reduced their price objective on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. BMO Capital Markets reduced their price objective on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Victoria's Secret & Co. presently has a consensus rating of "Hold" and a consensus target price of $27.55.

Victoria's Secret & Co. 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.

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