Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 44.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,339,600 shares of the company's stock after selling 1,051,759 shares during the period. Wellington Management Group LLP owned 1.73% of Victoria's Secret & Co. worth $35,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in VSCO. UBS Group AG grew its position in Victoria's Secret & Co. by 3.0% during the fourth quarter. UBS Group AG now owns 3,421,898 shares of the company's stock worth $90,817,000 after buying an additional 98,882 shares in the last quarter. AQR Capital Management LLC grew its position in Victoria's Secret & Co. by 4.3% during the third quarter. AQR Capital Management LLC now owns 1,495,863 shares of the company's stock worth $24,951,000 after buying an additional 61,693 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Victoria's Secret & Co. by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company's stock worth $31,650,000 after buying an additional 188,384 shares in the last quarter. Kettle Hill Capital Management LLC acquired a new stake in Victoria's Secret & Co. during the third quarter worth approximately $18,645,000. Finally, Invesco Ltd. grew its position in Victoria's Secret & Co. by 4.2% during the third quarter. Invesco Ltd. now owns 660,005 shares of the company's stock worth $11,009,000 after buying an additional 26,412 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Down 1.1 %

NYSE:VSCO traded down $0.20 during trading hours on Monday, hitting $17.55. 2,411,010 shares of the company were exchanged, compared to its average volume of 2,838,089. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 1.13 and a beta of 2.16. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. Victoria's Secret & Co. has a one year low of $13.62 and a one year high of $30.80. The company has a fifty day simple moving average of $19.30 and a 200 day simple moving average of $22.48.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Victoria's Secret & Co. had a return on equity of 46.52% and a net margin of 1.71%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company posted $0.28 EPS. The business's quarterly revenue was down 3.4% on a year-over-year basis. Sell-side analysts expect that Victoria's Secret & Co. will post 1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays raised their target price on Victoria's Secret & Co. from $16.00 to $19.00 and gave the company an "underweight" rating in a report on Friday, June 7th. The Goldman Sachs Group assumed coverage on Victoria's Secret & Co. in a report on Thursday, April 25th. They issued a "sell" rating and a $14.00 target price on the stock. Morgan Stanley downgraded Victoria's Secret & Co. from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $19.00 to $15.00 in a report on Monday, May 6th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $20.00 target price on shares of Victoria's Secret & Co. in a report on Thursday, June 6th. Finally, Wells Fargo & Company reduced their target price on Victoria's Secret & Co. from $32.00 to $25.00 and set an "overweight" rating on the stock in a report on Thursday, March 7th. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and a consensus price target of $18.50.

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.