Two Sigma Investments LP Sells 154,199 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Two Sigma Investments LP reduced its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,890 shares of the company's stock after selling 154,199 shares during the period. Two Sigma Investments LP owned about 0.15% of Victoria's Secret & Co. worth $4,883,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VSCO. Picton Mahoney Asset Management lifted its stake in shares of Victoria's Secret & Co. by 6.5% in the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock valued at $322,000 after purchasing an additional 477 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Victoria's Secret & Co. by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock valued at $340,000 after purchasing an additional 522 shares during the last quarter. Mariner LLC lifted its stake in shares of Victoria's Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock valued at $800,000 after purchasing an additional 569 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Victoria's Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Victoria's Secret & Co. by 1.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,152 shares of the company's stock valued at $2,533,000 after purchasing an additional 1,018 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

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

In other news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of Victoria's Secret & Co. stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the transaction, the insider now directly owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. This represents a 2.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 1,503,973 shares of company stock worth $26,617,312 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reduced 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 research note on Wednesday, May 21st. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Barclays lowered their target price on shares of Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. UBS Group set a $24.00 target price on shares of Victoria's Secret & Co. and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $15.00 target price (up from $12.00) on shares of Victoria's Secret & Co. in a research note on Wednesday, May 14th. Three investment 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's stock. According to data from MarketBeat, Victoria's Secret & Co. currently has a consensus rating of "Hold" and an average price target of $26.18.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded down $0.34 during trading on Thursday, hitting $20.65. 5,135,617 shares of the company's stock traded hands, compared to its average volume of 2,963,557. 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 firm's fifty day moving average price is $19.33 and its 200 day moving average price is $29.53. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The company has a market cap of $1.62 billion, a PE ratio of 10.70, a PEG ratio of 1.15 and a beta of 2.25.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share 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 business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current 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.