Profit Investment Management LLC decreased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,625 shares of the company's stock after selling 21,732 shares during the period. Profit Investment Management LLC owned 0.05% of Victoria's Secret & Co. worth $773,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. TriaGen Wealth Management LLC purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at $713,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Victoria's Secret & Co. by 31,597.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company's stock valued at $3,690,000 after purchasing an additional 91,002 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at $2,399,000. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at $2,435,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Victoria's Secret & Co. by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 381,419 shares of the company's stock valued at $15,798,000 after purchasing an additional 11,909 shares during the last quarter. Institutional investors own 90.29% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. UBS Group set a $24.00 price target on Victoria's Secret & Co. and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wall Street Zen raised Victoria's Secret & Co. from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Wells Fargo & Company reissued an "underweight" rating and set a $15.00 price target (up from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday, May 14th. The Goldman Sachs Group reissued a "sell" rating and set a $15.00 price target on shares of Victoria's Secret & Co. in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Victoria's Secret & Co. from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $26.09.
Get Our Latest Stock Analysis on VSCO
Insider Activity at Victoria's Secret & Co.
In other news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the acquisition, the insider now owns 8,695,019 shares of the company's stock, valued at $150,597,729.08. This trade represents a 6.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 1,503,973 shares of company stock worth $26,617,312 in the last 90 days. 0.45% of the stock is owned by company insiders.
Victoria's Secret & Co. Stock Up 3.7%
Shares of NYSE VSCO traded up $0.75 during mid-day trading on Thursday, reaching $21.22. 1,268,790 shares of the company traded hands, compared to its average volume of 2,975,200. 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 stock has a market cap of $1.67 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company's fifty day moving average is $19.42 and its two-hundred day moving average is $29.01. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.
About Victoria's Secret & Co.
(
Free Report)
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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