Bank of Montreal Can Lowers Position in Victoria's Secret & Co. (NYSE:VSCO)

Bank of Montreal Can reduced its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 68.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,414 shares of the company's stock after selling 24,427 shares during the period. Bank of Montreal Can's holdings in Victoria's Secret & Co. were worth $473,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VSCO. GAMMA Investing LLC raised its holdings in Victoria's Secret & Co. by 10.3% in 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 during the period. Picton Mahoney Asset Management lifted its holdings in 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 worth $322,000 after purchasing an additional 477 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Victoria's Secret & Co. by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock valued at $1,097,000 after purchasing an additional 1,117 shares during the period. Envestnet Asset Management Inc. grew its holdings in Victoria's Secret & Co. by 7.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company's stock valued at $753,000 after buying an additional 1,198 shares in the last quarter. Finally, Swiss National Bank increased its position in Victoria's Secret & Co. by 0.9% during the 4th quarter. Swiss National Bank now owns 139,000 shares of the company's stock worth $5,757,000 after buying an additional 1,300 shares during the period. Institutional investors own 90.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on VSCO. Wells Fargo & Company lowered their price target on shares of Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. UBS Group dropped their price target on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. BMO Capital Markets reduced their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $29.73.

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

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders have purchased 1,503,973 shares of company stock worth $26,617,312. Insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Price Performance

VSCO stock traded down $0.04 during midday trading on Friday, reaching $18.53. 2,772,966 shares of the stock were exchanged, compared to its average volume of 2,942,627. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The stock has a market capitalization of $1.46 billion, a PE ratio of 9.60, a P/E/G ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The company has a fifty day moving average price of $20.15 and a 200 day moving average price of $30.83.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.47% and a return on equity of 44.74%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

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.