Cramer Rosenthal Mcglynn LLC Sells 778,359 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Cramer Rosenthal Mcglynn LLC decreased its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 59.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 534,897 shares of the company's stock after selling 778,359 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.68% of Victoria's Secret & Co. worth $22,155,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Victoria's Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock worth $369,793,000 after purchasing an additional 58,981 shares during the period. FMR LLC increased its stake in shares of Victoria's Secret & Co. by 44.7% in the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after buying an additional 1,231,090 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Victoria's Secret & Co. by 7.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock valued at $85,168,000 after buying an additional 137,074 shares during the last quarter. Marshall Wace LLP boosted its position in Victoria's Secret & Co. by 481.5% during the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after buying an additional 1,620,256 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Victoria's Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock worth $46,121,000 after acquiring an additional 24,967 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Up 4.8 %

Shares of NYSE:VSCO traded up $0.83 during trading on Wednesday, hitting $18.13. The company had a trading volume of 1,797,148 shares, compared to its average volume of 2,929,075. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. 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 company has a fifty day simple moving average of $20.99 and a two-hundred day simple moving average of $31.00. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VSCO shares. Morgan Stanley cut their price objective on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Barclays reduced their price objective on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Bank of America cut their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research note on Thursday, January 30th. Finally, Telsey Advisory Group decreased their price target on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and an average price target of $29.73.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This represents a 0.88 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company's stock.

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.