Victoria's Secret & Co. (NYSE:VSCO) Stake Trimmed by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 88.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,563 shares of the company's stock after selling 72,606 shares during the quarter. SG Americas Securities LLC's holdings in Victoria's Secret & Co. were worth $254,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in Victoria's Secret & Co. by 43.8% during the second quarter. BlackRock Inc. now owns 10,259,475 shares of the company's stock valued at $178,823,000 after acquiring an additional 3,125,130 shares in the last quarter. Morgan Stanley increased its holdings in shares of Victoria's Secret & Co. by 29.6% in the third quarter. Morgan Stanley now owns 6,019,515 shares of the company's stock worth $100,406,000 after purchasing an additional 1,376,294 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Victoria's Secret & Co. by 200.9% in the first quarter. Balyasny Asset Management L.P. now owns 1,821,353 shares of the company's stock worth $62,199,000 after buying an additional 1,216,094 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new position in Victoria's Secret & Co. during the 3rd quarter valued at approximately $18,645,000. Finally, Norges Bank purchased a new position in Victoria's Secret & Co. during the 4th quarter valued at approximately $23,634,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Victoria's Secret & Co. Trading Up 1.1 %

Shares of VSCO stock traded up $0.21 on Thursday, reaching $18.89. 3,479,737 shares of the company's stock were exchanged, compared to its average volume of 2,869,165. The company's fifty day simple moving average is $23.36 and its 200 day simple moving average is $22.44. Victoria's Secret & Co. has a 52 week low of $13.62 and a 52 week high of $34.38. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $1.47 billion, a PE ratio of 13.89, a P/E/G 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 for the quarter, topping the consensus estimate of $2.46 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.09 billion. Victoria's Secret & Co. had a return on equity of 56.40% and a net margin of 1.77%. As a group, analysts forecast that Victoria's Secret & Co. will post 1.67 EPS for the current year.

Victoria's Secret & Co. Company 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.