Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,300,334 shares of the company's stock after selling 902,875 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.65% of Victoria's Secret & Co. worth $53,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management increased its stake in shares of Victoria's Secret & Co. by 6.5% during the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock valued at $322,000 after acquiring an additional 477 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Victoria's Secret & Co. by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock worth $340,000 after purchasing an additional 522 shares during the period. Mariner LLC boosted its holdings in shares of Victoria's Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock valued at $800,000 after purchasing an additional 569 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after buying an additional 800 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Victoria's Secret & Co. by 4.4% during the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after buying an additional 1,117 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Stock Down 2.4 %

Shares of NYSE VSCO opened at $19.26 on Friday. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.15 and a beta of 2.25. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock's 50-day simple moving average is $18.52 and its 200-day simple moving average is $30.30.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.30. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the transaction, the insider now directly owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This trade represents a 0.88 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 1,503,973 shares of company stock worth $26,617,312 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of research analyst reports. Barclays reduced their target price on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. UBS Group decreased 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. Bank of America cut their price target on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a report on Thursday, January 30th. The Goldman Sachs Group decreased their price objective on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Finally, 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 on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $28.18.

About Victoria's Secret & Co.

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.

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