Gotham Asset Management LLC Sells 79,524 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Gotham Asset Management LLC cut its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,493 shares of the company's stock after selling 79,524 shares during the period. Gotham Asset Management LLC owned about 0.37% of Victoria's Secret & Co. worth $12,156,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Victoria's Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after buying an additional 58,981 shares during the last quarter. FMR LLC increased its position in Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after acquiring an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Victoria's Secret & Co. by 7.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock worth $85,168,000 after acquiring an additional 137,074 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Victoria's Secret & Co. by 8.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company's stock worth $84,309,000 after purchasing an additional 156,979 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Victoria's Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock worth $81,049,000 after purchasing an additional 1,620,256 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on VSCO. The Goldman Sachs Group reduced their price objective on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company restated an "underweight" rating and set a $15.00 target price (up previously from $12.00) on shares of Victoria's Secret & Co. in a research report on Wednesday. BMO Capital Markets decreased their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. lowered 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 report on Monday, April 14th. Finally, Telsey Advisory Group cut their target price on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Victoria's Secret & Co. has a consensus rating of "Hold" and an average price target of $27.09.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of Victoria's Secret & Co. stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the purchase, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 1,503,973 shares of company stock valued at $26,617,312 in the last quarter. Company insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Trading Up 1.9%

Shares of Victoria's Secret & Co. stock traded up $0.44 during trading on Thursday, hitting $23.22. 2,003,596 shares of the company were exchanged, compared to its average volume of 2,948,797. 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 firm has a market capitalization of $1.83 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. The firm's fifty day moving average price is $18.64 and its 200 day moving average price is $30.16. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73.

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 firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. As a group, sell-side analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share 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.