Two Sigma Advisers LP Cuts Stake in Victoria's Secret & Co. (NYSE:VSCO)

Two Sigma Advisers LP reduced its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 98.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the company's stock after selling 494,203 shares during the period. Two Sigma Advisers LP's holdings in Victoria's Secret & Co. were worth $364,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VSCO. CoreCap Advisors LLC grew its holdings in Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after acquiring an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Victoria's Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after acquiring an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after acquiring an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new position in Victoria's Secret & Co. during the 4th quarter worth approximately $123,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Victoria's Secret & Co. during the 4th quarter worth approximately $204,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This trade represents a 0.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, 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 insiders.

Analyst Ratings Changes

Several research firms have commented on VSCO. UBS Group set a $24.00 price target on shares of Victoria's Secret & Co. and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen cut shares of Victoria's Secret & Co. from a "buy" rating to a "hold" rating in a report on Friday. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on shares of Victoria's Secret & Co. from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Morgan Stanley lowered their price target on shares of 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. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.09.

Victoria's Secret & Co. Stock Up 6.1%

Shares of Victoria's Secret & Co. stock traded up $1.27 during trading hours on Friday, hitting $22.15. The company had a trading volume of 2,559,415 shares, compared to its average volume of 2,970,228. The company's 50-day moving average is $19.54 and its two-hundred day moving average is $28.80. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month 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 has a market cap of $1.74 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 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 firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Victoria's Secret & Co. Company 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.