Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 4.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 369,510 shares of the company's stock after selling 17,367 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Victoria's Secret & Co. worth $9,496,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of VSCO. FMR LLC grew its holdings in shares of Victoria's Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company's stock worth $70,856,000 after buying an additional 1,636,602 shares in the last quarter. AQR Capital Management LLC boosted its position in Victoria's Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock worth $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Victory Capital Management Inc. grew its stake in Victoria's Secret & Co. by 16.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company's stock worth $32,834,000 after acquiring an additional 258,059 shares during the period. Geode Capital Management LLC raised its holdings in Victoria's Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after acquiring an additional 24,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Victoria's Secret & Co. by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock worth $41,338,000 after purchasing an additional 76,858 shares during the period. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Down 1.1 %

Shares of NYSE:VSCO traded down $0.47 during midday trading on Tuesday, hitting $41.42. 1,299,055 shares of the company's stock traded hands, compared to its average volume of 2,662,266. 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 company has a market cap of $3.26 billion, a PE ratio of 21.46, a P/E/G ratio of 2.88 and a beta of 2.19. The firm's fifty day moving average price is $38.22 and its two-hundred day moving average price is $27.43. Victoria's Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted ($0.86) earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Victoria's Secret & Co. will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

VSCO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised Victoria's Secret & Co. from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $29.00 to $45.00 in a research report on Monday, December 9th. Wells Fargo & Company restated an "equal weight" rating and issued a $45.00 price target (up previously from $33.00) on shares of Victoria's Secret & Co. in a report on Monday, December 9th. Morgan Stanley increased 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. BMO Capital Markets upped their price target on shares of Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Finally, UBS Group raised shares of Victoria's Secret & Co. from a "sell" rating to a "neutral" rating and increased their price target for the stock from $18.00 to $47.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company 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.