J. Goldman & Co LP Lowers Stake in Victoria's Secret & Co. (NYSE:VSCO)

J. Goldman & Co LP lowered its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 99.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,810 shares of the company's stock after selling 627,506 shares during the period. J. Goldman & Co LP's holdings in Victoria's Secret & Co. were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC increased its stake 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 valued at $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Victoria's Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board grew its position in 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 worth $104,000 after purchasing an additional 800 shares during the period. Pinpoint Asset Management Ltd purchased a new stake in Victoria's Secret & Co. during the 4th quarter valued at $123,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Victoria's Secret & Co. during the 4th quarter valued at $204,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Price Performance

VSCO stock traded up $0.36 during mid-day trading on Friday, hitting $23.56. The company had a trading volume of 2,169,978 shares, compared to its average volume of 2,948,728. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.15 and a beta of 2.25. The company has a 50-day moving average price of $18.77 and a 200 day moving average price of $30.12. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted 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. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

VSCO has been the topic of several research reports. UBS Group dropped their target price 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. JPMorgan Chase & Co. cut their target price on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Barclays dropped their price target 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. Telsey Advisory Group decreased their target price on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a report on Thursday, March 6th. Finally, BMO Capital Markets cut their price target 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.09.

Insider Transactions at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of Victoria's Secret & Co. stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of $16.15 per share, with a total value of $3,431,875.00. Following the completion of the transaction, the insider now owns 10,310,631 shares in the company, valued at $166,516,690.65. The trade was a 2.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by company insiders.

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.