JPMorgan Chase & Co. Decreases Stake in Victoria's Secret & Co. (NYSE:VSCO)

JPMorgan Chase & Co. reduced its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 23.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,767 shares of the company's stock after selling 97,396 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.40% of Victoria's Secret & Co. worth $8,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new stake in Victoria's Secret & Co. in the third quarter valued at approximately $27,000. Blue Trust Inc. increased its position in shares of Victoria's Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock valued at $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria's Secret & Co. in the 2nd quarter valued at $50,000. Quarry LP lifted its position in shares of Victoria's Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company's stock worth $56,000 after purchasing an additional 1,764 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Victoria's Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock worth $81,000 after purchasing an additional 1,652 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Stock Performance

Victoria's Secret & Co. stock traded up $0.75 during midday trading on Wednesday, hitting $36.23. 1,427,693 shares of the company's stock were exchanged, compared to its average volume of 1,779,620. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.31 and a current ratio of 1.17. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.88 and a beta of 2.14. Victoria's Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. The firm's 50 day simple moving average is $40.24 and its 200 day simple moving average is $29.05.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.62) by $0.12. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted ($0.86) earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts predict that Victoria's Secret & Co. will post 2.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VSCO. BMO Capital Markets raised their price target on Victoria's Secret & Co. from $33.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Wells Fargo & Company reissued an "equal weight" rating and set a $45.00 target price (up previously from $33.00) on shares of Victoria's Secret & Co. in a research report on Monday, December 9th. Barclays upgraded Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. Morgan Stanley raised their price objective on shares of Victoria's Secret & Co. from $23.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group upped their target price on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $36.73.

Victoria's Secret & Co. Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.