Primecap Management Co. CA Decreases Position in Victoria's Secret & Co. (NYSE:VSCO)

Primecap Management Co. CA trimmed its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 93.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,933 shares of the company's stock after selling 1,654,683 shares during the quarter. Primecap Management Co. CA owned about 0.15% of Victoria's Secret & Co. worth $4,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of VSCO. Charles Schwab Investment Management Inc. lifted its holdings in shares of Victoria's Secret & Co. by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after purchasing an additional 22,684 shares during the period. Wakefield Asset Management LLLP acquired a new stake in shares of Victoria's Secret & Co. in the 4th quarter worth $991,000. Forest Avenue Capital Management LP purchased a new stake in shares of Victoria's Secret & Co. in the third quarter valued at about $40,861,000. FengHe Fund Management Pte. Ltd. purchased a new stake in shares of Victoria's Secret & Co. in the fourth quarter valued at about $2,435,000. Finally, Oliver Luxxe Assets LLC acquired a new position in shares of Victoria's Secret & Co. during the fourth quarter worth about $1,963,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Trading Up 2.2 %

Shares of NYSE:VSCO traded up $0.46 during trading on Monday, reaching $21.38. The stock had a trading volume of 4,238,187 shares, compared to its average volume of 2,710,119. 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 stock has a market cap of $1.68 billion, a P/E ratio of 11.08, a PEG ratio of 1.15 and a beta of 2.16. The business has a fifty day moving average price of $29.57 and a 200-day moving average price of $32.23. Victoria's Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73.

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

Insider Transactions at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the purchase, the insider now directly owns 8,695,019 shares in the company, valued at $150,597,729.08. This represents a 6.65 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on VSCO shares. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. TD Cowen raised their target price on Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a report on Monday, December 9th. Bank of America lowered their price target 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. Telsey Advisory Group reduced their price objective 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. Finally, BMO Capital Markets lowered their price target 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. Two equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.73.

Victoria's Secret & Co. 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.