LSV Asset Management Trims Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

LSV Asset Management cut its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 65.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,300 shares of the company's stock after selling 54,300 shares during the period. LSV Asset Management's holdings in Victoria's Secret & Co. were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Victoria's Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after purchasing an additional 326 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in shares of Victoria's Secret & Co. by 6.5% in the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock worth $322,000 after buying an additional 477 shares in the last quarter. New York State Common Retirement Fund boosted its position in Victoria's Secret & Co. by 4.4% during the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after acquiring an additional 1,117 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Victoria's Secret & Co. by 7.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company's stock valued at $753,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Victoria's Secret & Co. by 0.9% in the 4th quarter. Swiss National Bank now owns 139,000 shares of the company's stock valued at $5,757,000 after acquiring an additional 1,300 shares during the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was bought at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the acquisition, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of analyst reports. Barclays dropped their price target on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Morgan Stanley dropped their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Telsey Advisory Group reduced their price target on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a report on Thursday, March 6th. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, Wells Fargo & Company cut their price objective on shares of Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Victoria's Secret & Co. has a consensus rating of "Hold" and a consensus target price of $30.09.

Victoria's Secret & Co. Stock Performance

Shares of NYSE VSCO traded up $0.39 during mid-day trading on Friday, hitting $16.01. 2,550,245 shares of the company were exchanged, compared to its average volume of 2,923,822. The stock has a 50 day simple moving average of $21.61 and a 200-day simple moving average of $31.15. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.10 billion. On average, sell-side analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Victoria's Secret & Co. Company 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.