First Trust Advisors LP Has $4.46 Million Holdings in Victoria's Secret & Co. (NYSE:VSCO)

First Trust Advisors LP cut its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,614 shares of the company's stock after selling 23,381 shares during the quarter. First Trust Advisors LP owned approximately 0.14% of Victoria's Secret & Co. worth $4,457,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Marshall Wace LLP raised its holdings in Victoria's Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after acquiring an additional 1,620,256 shares during the last quarter. FMR LLC boosted its stake in 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 buying an additional 1,231,090 shares during the last quarter. 12 West Capital Management LP acquired a new stake in Victoria's Secret & Co. during the fourth quarter worth about $17,519,000. EVR Research LP acquired a new position in Victoria's Secret & Co. in the 4th quarter worth $11,598,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Victoria's Secret & Co. by 84.9% during the fourth quarter. JPMorgan Chase & Co. now owns 581,847 shares of the company's stock valued at $24,100,000 after acquiring an additional 267,080 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company's stock.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the business'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 purchase, the insider now directly owns 8,695,019 shares in the company, valued at $150,597,729.08. This trade represents a 6.65 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have bought 1,503,973 shares of company stock valued at $26,617,312 over the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VSCO shares. JPMorgan Chase & Co. reduced their price target on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 14th. BMO Capital Markets lowered their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Tuesday. Bank of America reduced their price target on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a report on Thursday, January 30th. Finally, The Goldman Sachs Group dropped their price objective on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and an average target price of $28.18.

Victoria's Secret & Co. Stock Performance

NYSE:VSCO traded up $0.35 during trading hours on Wednesday, hitting $19.36. 167,735 shares of the company traded hands, compared to its average volume of 2,944,693. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 1.15 and a beta of 2.25. The firm has a 50-day moving average of $18.83 and a 200 day moving average of $30.50. 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. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion for 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%. On average, analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current 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.