Renaissance Technologies LLC Sells 501,000 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Renaissance Technologies LLC lowered its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 259,200 shares of the company's stock after selling 501,000 shares during the period. Renaissance Technologies LLC owned 0.33% of Victoria's Secret & Co. worth $10,736,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VSCO. Invesco Ltd. increased its position in Victoria's Secret & Co. by 14.8% in the fourth quarter. Invesco Ltd. now owns 629,962 shares of the company's stock worth $26,093,000 after buying an additional 81,305 shares during the last quarter. FMR LLC increased its holdings in Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after acquiring an additional 1,231,090 shares during the last quarter. Polymer Capital Management HK LTD bought a new stake in Victoria's Secret & Co. in the 4th quarter valued at about $874,000. Federated Hermes Inc. lifted its holdings in Victoria's Secret & Co. by 29.7% during the fourth quarter. Federated Hermes Inc. now owns 132,385 shares of the company's stock valued at $5,483,000 after purchasing an additional 30,346 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Victoria's Secret & Co. by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 159,078 shares of the company's stock valued at $6,589,000 after purchasing an additional 8,077 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Down 1.8 %

Shares of Victoria's Secret & Co. stock opened at $15.65 on Thursday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The firm has a market cap of $1.23 billion, a PE ratio of 8.11, a PEG ratio of 1.15 and a beta of 2.26. The company has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $31.19.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSCO has been the topic of several research reports. UBS Group lowered their price target on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, February 27th. 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 report on Friday, March 7th. Bank of America decreased their price objective on 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. Wells Fargo & Company dropped their price objective on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their target price on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Victoria's Secret & Co. has a consensus rating of "Hold" and a consensus price target of $30.09.

Insider Activity at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have bought 1,503,973 shares of company stock valued at $26,617,312. Corporate insiders own 1.10% of the company's stock.

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.

Want to see what other hedge funds are holding VSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victoria's Secret & Co. (NYSE:VSCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.