Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 65.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,200 shares of the company's stock after selling 501,000 shares during the quarter. Renaissance Technologies LLC owned 0.33% of Victoria's Secret & Co. worth $10,736,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VSCO. Charles Schwab Investment Management Inc. lifted its stake in Victoria's Secret & Co. by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after acquiring an additional 22,684 shares during the period. Vanguard Group Inc. raised its holdings in shares of Victoria's Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after purchasing an additional 58,981 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Victoria's Secret & Co. in the 4th quarter valued at about $7,373,000. Wakefield Asset Management LLLP purchased a new stake in shares of Victoria's Secret & Co. in the 4th quarter worth approximately $991,000. Finally, FMR LLC boosted its stake in shares of Victoria's Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after purchasing an additional 1,231,090 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group lowered their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Telsey Advisory Group cut 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 research note on Thursday, March 6th. The Goldman Sachs Group decreased their price target on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research report on Tuesday. Finally, Barclays cut their price objective on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Victoria's Secret & Co. currently has an average rating of "Hold" and an average target price of $29.73.

Victoria's Secret & Co. Stock Performance

Shares of NYSE VSCO traded up $0.91 during midday trading on Tuesday, reaching $17.28. The company had a trading volume of 3,681,990 shares, compared to its average volume of 2,933,388. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The business's 50-day simple moving average is $20.99 and its 200 day simple moving average is $31.00. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a market cap of $1.36 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion for 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, analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of Victoria's Secret & Co. stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the completion of the acquisition, the insider now directly owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. This trade represents a 2.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 1,503,973 shares of company stock valued at $26,617,312 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Victoria's Secret & Co. 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.