ARGA Investment Management LP lowered its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,480 shares of the company's stock after selling 7,573 shares during the quarter. ARGA Investment Management LP owned about 0.13% of Victoria's Secret & Co. worth $4,079,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of VSCO. TriaGen Wealth Management LLC purchased a new stake in Victoria's Secret & Co. in the fourth quarter valued at approximately $713,000. Oliver Luxxe Assets LLC acquired a new stake in Victoria's Secret & Co. during the 4th quarter valued at approximately $1,963,000. Nisa Investment Advisors LLC boosted its holdings in shares of Victoria's Secret & Co. by 23.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company's stock valued at $716,000 after acquiring an additional 3,277 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria's Secret & Co. in the fourth quarter worth $206,000. Finally, Ballentine Partners LLC purchased a new position in shares of Victoria's Secret & Co. during the fourth quarter worth $236,000. Institutional investors and hedge funds own 90.29% of the company's stock.
Victoria's Secret & Co. Price Performance
VSCO traded down $1.54 during midday trading on Friday, hitting $32.12. 2,054,158 shares of the company traded hands, compared to its average volume of 1,849,401. The business has a 50 day simple moving average of $40.23 and a two-hundred day simple moving average of $31.20. Victoria's Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.31 and a beta of 2.11. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts' consensus estimates of ($0.62) by $0.12. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted ($0.86) EPS. Victoria's Secret & Co.'s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
VSCO has been the topic of several recent research reports. Bank of America lowered their price target on shares of 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. Barclays raised Victoria's Secret & Co. from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $51.00 to $53.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. upgraded Victoria's Secret & Co. from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $29.00 to $45.00 in a research report on Monday, December 9th. Wells Fargo & Company lowered their price objective on Victoria's Secret & Co. from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Finally, Morgan Stanley cut their target price on shares of Victoria's Secret & Co. from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $42.36.
Check Out Our Latest Research Report on Victoria's Secret & Co.
Victoria's Secret & Co. Profile
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Free Report)
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.
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