Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 322,330 shares of the company's stock after selling 106,163 shares during the period. Peregrine Capital Management LLC owned approximately 0.42% of Victoria's Secret & Co. worth $8,555,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of VSCO. Parkside Financial Bank & Trust lifted its holdings in shares of 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 purchasing an additional 565 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Victoria's Secret & Co. by 85.3% during the first quarter. Captrust Financial Advisors now owns 1,232 shares of the company's stock valued at $63,000 after purchasing an additional 567 shares in the last quarter. Quarry LP bought a new position in shares of Victoria's Secret & Co. during the first quarter valued at $46,000. CWM LLC lifted its holdings in shares of Victoria's Secret & Co. by 126.8% during the third quarter. CWM LLC now owns 1,635 shares of the company's stock valued at $27,000 after purchasing an additional 914 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Victoria's Secret & Co. during the second quarter valued at $40,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Price Performance

Shares of NYSE:VSCO traded down $0.38 during trading on Wednesday, hitting $18.68. 2,291,293 shares of the company's stock were exchanged, compared to its average volume of 2,865,166. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. Victoria's Secret & Co. has a 52-week low of $13.62 and a 52-week high of $34.38. The business's 50-day simple moving average is $23.52 and its 200 day simple moving average is $22.46. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.26 and a beta of 2.07.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.12. Victoria's Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.09 billion. As a group, equities analysts predict that Victoria's Secret & Co. will post 1.67 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.