Victoria's Secret & Co. (NYSE:VSCO) Stake Lowered by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 50.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,834 shares of the company's stock after selling 23,148 shares during the period. Keeley Teton Advisors LLC's holdings in Victoria's Secret & Co. were worth $946,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VSCO. GAMMA Investing LLC lifted its position in Victoria's Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after purchasing an additional 326 shares during the period. Picton Mahoney Asset Management raised its position in 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 acquiring an additional 477 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in Victoria's Secret & Co. by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company's stock valued at $340,000 after acquiring an additional 522 shares during the period. Mariner LLC boosted its position in shares of Victoria's Secret & Co. by 3.0% during the 4th quarter. Mariner LLC now owns 19,307 shares of the company's stock worth $800,000 after purchasing an additional 569 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Victoria's Secret & Co. by 4.4% during the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after purchasing an additional 1,117 shares during the period. Hedge funds and other institutional investors own 90.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VSCO shares. Telsey Advisory Group decreased their price objective on shares of 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. Wells Fargo & Company reduced their price objective on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. BMO Capital Markets lowered their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Morgan Stanley cut their price target on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Finally, Bank of America lowered their price objective 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. Two investment 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $29.73.

Victoria's Secret & Co. Trading Up 6.6 %

Shares of VSCO traded up $1.08 during mid-day trading on Tuesday, hitting $17.45. The company had a trading volume of 1,140,640 shares, compared to its average volume of 3,717,701. 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 business's 50-day simple moving average is $21.29 and its 200-day simple moving average is $31.09. The stock has a market cap of $1.37 billion, a PE ratio of 9.03, a P/E/G ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 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 firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Sell-side analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Insider Transactions at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the transaction, the insider now owns 9,255,347 shares of the company's stock, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders purchased 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by corporate insiders.

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.