Axa S.A. Reduces Stake in Victoria's Secret & Co. (NYSE:VSCO)

AXA S.A. trimmed its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 84.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,406 shares of the company's stock after selling 95,364 shares during the period. AXA S.A.'s holdings in Victoria's Secret & Co. were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Victoria's Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after purchasing an additional 326 shares in the last quarter. Wedmont Private Capital acquired a new stake in Victoria's Secret & Co. in the 4th quarter worth about $263,000. Profit Investment Management LLC increased its stake in Victoria's Secret & Co. by 6.9% during the 4th quarter. Profit Investment Management LLC now owns 63,357 shares of the company's stock worth $2,624,000 after buying an additional 4,083 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at approximately $236,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria's Secret & Co. in the fourth quarter worth approximately $206,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Trading Up 3.7%

VSCO stock traded up $0.81 during mid-day trading on Tuesday, hitting $22.73. 2,305,561 shares of the company were exchanged, compared to its average volume of 2,953,647. The firm has a market capitalization of $1.79 billion, a P/E ratio of 11.78, a PEG ratio of 1.15 and a beta of 2.25. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The business has a fifty day simple moving average of $18.51 and a 200-day simple moving average of $30.26.

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

Insider Transactions at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of $16.15 per share, with a total value of $3,431,875.00. Following the purchase, the insider now directly owns 10,310,631 shares in the company, valued at $166,516,690.65. This trade represents a 2.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have acquired 1,503,973 shares of company stock worth $26,617,312. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VSCO. JPMorgan Chase & Co. reduced their price objective on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company cut Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $25.00 to $12.00 in a report on Wednesday, April 30th. Barclays lowered their price objective on Victoria's Secret & Co. from $38.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday. BMO Capital Markets cut their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Morgan Stanley reduced their price target on Victoria's Secret & Co. from $23.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.82.

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.