Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 99.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,302 shares of the company's stock after selling 782,742 shares during the period. Balyasny Asset Management L.P.'s holdings in Victoria's Secret & Co. were worth $302,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Victoria's Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after purchasing an additional 58,981 shares during the last quarter. FMR LLC increased its holdings in shares of Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after purchasing an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Victoria's Secret & Co. by 7.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock valued at $85,168,000 after buying an additional 137,074 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Victoria's Secret & Co. by 8.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock worth $84,309,000 after purchasing an additional 156,979 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Victoria's Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after acquiring an additional 1,620,256 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Price Performance

NYSE:VSCO traded down $1.30 during trading hours on Wednesday, hitting $22.23. 1,596,445 shares of the stock were exchanged, compared to its average volume of 2,939,641. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company has a market cap of $1.75 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.15 and a beta of 2.25. The firm's fifty day moving average price is $19.14 and its 200 day moving average price is $29.99.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results 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 net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. As a group, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the purchase, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. The trade was a 6.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have bought 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VSCO. 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 research note on Thursday, March 6th. Wells Fargo & Company restated an "underweight" rating and issued a $15.00 target price (up previously from $12.00) on shares of Victoria's Secret & Co. in a report on Wednesday, May 14th. Bank of America decreased their price target on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted 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. Finally, UBS Group dropped their price objective on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and a consensus price target of $27.09.

About Victoria's Secret & Co.

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.