Polar Asset Management Partners Inc. Sells 53,000 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Polar Asset Management Partners Inc. lowered its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 48.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,000 shares of the company's stock after selling 53,000 shares during the quarter. Polar Asset Management Partners Inc. owned 0.07% of Victoria's Secret & Co. worth $2,320,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VSCO. Public Employees Retirement System of Ohio bought a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Victoria's Secret & Co. by 33.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company's stock valued at $6,435,000 after buying an additional 38,820 shares in the last quarter. Tremblant Capital Group grew its position in Victoria's Secret & Co. by 137.1% in the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock valued at $22,787,000 after acquiring an additional 318,080 shares during the period. State of Wyoming raised its stake in Victoria's Secret & Co. by 173.2% during the fourth quarter. State of Wyoming now owns 6,245 shares of the company's stock worth $259,000 after acquiring an additional 3,959 shares in the last quarter. Finally, Shellback Capital LP acquired a new position in Victoria's Secret & Co. during the fourth quarter worth $3,728,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VSCO. Bank of America reduced their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research note on Thursday, January 30th. Barclays reduced their price target on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Jefferies Financial Group dropped their price objective on shares of Victoria's Secret & Co. from $42.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, May 21st. Telsey Advisory Group decreased their price target on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised their price target on Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.18.

Victoria's Secret & Co. Trading Down 1.6%

Shares of NYSE VSCO traded down $0.34 during midday trading on Thursday, hitting $20.65. The stock had a trading volume of 5,135,617 shares, compared to its average volume of 2,961,936. The firm has a market cap of $1.62 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The company's 50-day simple moving average is $19.33 and its 200 day simple moving average is $29.53.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Research analysts anticipate 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 bought 80,328 shares of Victoria's Secret & Co. stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the acquisition, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by insiders.

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.