Federated Hermes Inc. Increases Stock Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Federated Hermes Inc. increased its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 29.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,385 shares of the company's stock after purchasing an additional 30,346 shares during the period. Federated Hermes Inc. owned approximately 0.17% of Victoria's Secret & Co. worth $5,483,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in shares of Victoria's Secret & Co. by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 159,078 shares of the company's stock valued at $6,589,000 after buying an additional 8,077 shares during the last quarter. Envestnet Asset Management Inc. grew its position 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 worth $753,000 after acquiring an additional 1,198 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Victoria's Secret & Co. in the 4th quarter worth approximately $379,000. Wells Fargo & Company MN lifted its position in Victoria's Secret & Co. by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 60,067 shares of the company's stock valued at $2,488,000 after purchasing an additional 9,527 shares during the last quarter. Finally, Pinpoint Asset Management Ltd purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at approximately $123,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

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Analyst Ratings Changes

VSCO has been the topic of several analyst reports. Wells Fargo & Company decreased their target price 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 note on Thursday, March 6th. Telsey Advisory Group cut their target price on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price target on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a research report on Monday, March 10th. Bank of America cut their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group reduced their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Victoria's Secret & Co. has an average rating of "Hold" and an average target price of $30.09.

Victoria's Secret & Co. Stock Down 2.2 %

Victoria's Secret & Co. stock traded down $0.37 during mid-day trading on Tuesday, reaching $15.92. The stock had a trading volume of 2,793,261 shares, compared to its average volume of 2,918,476. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a 50-day moving average price of $22.96 and a two-hundred day moving average price of $31.40. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.25, a PEG 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.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.10 billion. On average, analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc bought 584,000 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the acquisition, the insider now owns 10,098,131 shares of the company's stock, valued at $186,613,460.88. This trade represents a 6.14 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is owned by corporate insiders.

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.