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

Polar Asset Management Partners Inc. lowered its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 48.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in Victoria's Secret & Co. by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after acquiring an additional 22,684 shares in the last quarter. Vanguard Group Inc. grew its holdings in Victoria's Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after buying an additional 58,981 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Victoria's Secret & Co. in the 4th quarter valued at approximately $7,373,000. Tremblant Capital Group grew its holdings in shares of Victoria's Secret & Co. by 137.1% during the 4th quarter. Tremblant Capital Group now owns 550,135 shares of the company's stock worth $22,787,000 after purchasing an additional 318,080 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Victoria's Secret & Co. by 10.2% during the 4th quarter. Northern Trust Corp now owns 896,274 shares of the company's stock worth $37,124,000 after purchasing an additional 82,729 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VSCO. UBS Group set a $24.00 target price on Victoria's Secret & Co. and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Telsey Advisory Group dropped 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. JPMorgan Chase & Co. raised their target price on Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, BMO Capital Markets dropped their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.18.

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

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 85,145 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the purchase, the insider now directly owns 9,389,805 shares in the company, valued at $182,819,503.35. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders bought 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by insiders.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded up $0.55 on Friday, reaching $21.26. 7,496,747 shares of the stock were exchanged, compared to its average volume of 2,982,633. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a market cap of $1.67 billion, a PE ratio of 11.02, a P/E/G ratio of 1.15 and a beta of 2.25. The firm's 50 day moving average is $19.33 and its 200-day moving average is $29.29. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

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.