AQR Capital Management LLC Sells 25,139 Shares of Victoria's Secret & Co. (NYSE:VSCO)

AQR Capital Management LLC trimmed its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 259,554 shares of the company's stock after selling 25,139 shares during the period. AQR Capital Management LLC owned approximately 0.33% of Victoria's Secret & Co. worth $10,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VSCO. Smartleaf Asset Management LLC increased its stake in shares of Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings 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 purchasing an additional 800 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Victoria's Secret & Co. in the 4th quarter valued at $123,000. GAMMA Investing LLC boosted its holdings in shares of Victoria's Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after acquiring an additional 326 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Victoria's Secret & Co. during the 4th quarter worth $206,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Stock Down 2.4 %

Shares of NYSE VSCO traded down $0.48 during mid-day trading on Friday, reaching $19.26. 2,811,240 shares of the company's stock traded hands, compared to its average volume of 2,963,706. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The stock has a market cap of $1.51 billion, a P/E ratio of 9.98, a PEG ratio of 1.15 and a beta of 2.25. The business has a 50-day simple moving average of $18.52 and a 200 day simple moving average of $30.29.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on VSCO shares. Bank of America reduced their price target on 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. JPMorgan Chase & Co. lowered their target price on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Telsey Advisory Group decreased their price target on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th. Barclays cut their price objective on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, Wells Fargo & Company lowered shares of Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $25.00 to $12.00 in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $28.18.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the purchase, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. The trade was a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company's stock.

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.