Vanguard Group Inc. Lowers Stake in Victoria's Secret & Co. (NYSE:VSCO)

Vanguard Group Inc. trimmed its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,581,304 shares of the company's stock after selling 115,209 shares during the quarter. Vanguard Group Inc. owned 11.08% of Victoria's Secret & Co. worth $143,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC raised its holdings in Victoria's Secret & Co. by 126.8% in the 3rd quarter. CWM LLC now owns 1,635 shares of the company's stock worth $27,000 after purchasing an additional 914 shares during the period. Parkside Financial Bank & Trust raised its holdings in Victoria's Secret & Co. by 774.0% during the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company's stock valued at $33,000 after acquiring an additional 565 shares during the period. Lazard Asset Management LLC bought a new stake in Victoria's Secret & Co. during the second quarter valued at about $40,000. Captrust Financial Advisors raised its holdings in Victoria's Secret & Co. by 26.7% during the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company's stock valued at $44,000 after acquiring an additional 329 shares during the period. Finally, Quarry LP bought a new stake in Victoria's Secret & Co. during the first quarter valued at about $46,000. 90.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VSCO shares. JPMorgan Chase & Co. reissued an "underweight" rating and set a $15.00 price target (down from $22.00) on shares of Victoria's Secret & Co. in a report on Thursday, March 7th. Bank of America reissued an "underperform" rating and set a $15.00 price target (down from $34.00) on shares of Victoria's Secret & Co. in a report on Friday, March 8th. Telsey Advisory Group decreased their price target on Victoria's Secret & Co. from $29.00 to $20.00 and set a "market perform" rating on the stock in a report on Thursday, March 7th. Wells Fargo & Company cut their price objective on Victoria's Secret & Co. from $32.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, March 7th. Finally, BMO Capital Markets cut their price objective on Victoria's Secret & Co. from $29.00 to $26.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $22.00.

Victoria's Secret & Co. Trading Down 5.8 %

VSCO traded down $1.07 on Tuesday, hitting $17.46. The company had a trading volume of 2,930,734 shares, compared to its average volume of 2,848,623. The company has a market cap of $1.35 billion, a PE ratio of 12.84, a PEG ratio of 1.22 and a beta of 2.07. Victoria's Secret & Co. has a 12-month low of $13.62 and a 12-month high of $34.97. The company has a quick ratio of 0.34, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The business's fifty day simple moving average is $24.37 and its 200 day simple moving average is $22.45.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.46 by $0.12. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. Victoria's Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. Equities research analysts expect that Victoria's Secret & Co. will post 1.68 EPS for the current year.

Victoria's Secret & Co. Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.