Royce & Associates LP Sells 30,090 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Royce & Associates LP decreased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 11.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,467 shares of the company's stock after selling 30,090 shares during the quarter. Royce & Associates LP owned approximately 0.29% of Victoria's Secret & Co. worth $5,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Victoria's Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company's stock worth $44,000 after buying an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria's Secret & Co. in the second quarter valued at approximately $50,000. Quarry LP increased its stake in shares of Victoria's Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company's stock worth $56,000 after purchasing an additional 1,764 shares during the period. GAMMA Investing LLC increased its stake in shares of Victoria's Secret & Co. by 109.5% during the third quarter. GAMMA Investing LLC now owns 3,160 shares of the company's stock worth $81,000 after purchasing an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Victoria's Secret & Co. during the third quarter worth approximately $92,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on VSCO shares. Telsey Advisory Group restated a "market perform" rating and set a $27.00 price objective on shares of Victoria's Secret & Co. in a research note on Thursday, October 17th. Morgan Stanley lifted their target price on Victoria's Secret & Co. from $20.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, August 30th. Bank of America lifted their target price on Victoria's Secret & Co. from $18.00 to $21.00 and gave the stock an "underperform" rating in a report on Friday, August 30th. TD Cowen lifted their price objective on Victoria's Secret & Co. from $20.00 to $26.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Finally, Barclays raised Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Victoria's Secret & Co. currently has a consensus rating of "Hold" and a consensus target price of $26.30.

Victoria's Secret & Co. Stock Down 0.9 %

Shares of Victoria's Secret & Co. stock traded down $0.33 during trading on Tuesday, hitting $36.25. The company's stock had a trading volume of 1,309,718 shares, compared to its average volume of 2,727,963. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The company has a fifty day simple moving average of $28.43 and a two-hundred day simple moving average of $22.97. The company has a market capitalization of $2.85 billion, a PE ratio of 21.08 and a beta of 2.10. Victoria's Secret & Co. has a 52 week low of $15.12 and a 52 week high of $37.72.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Victoria's Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. Equities research analysts predict that Victoria's Secret & Co. will post 1.98 earnings per share for the current year.

About Victoria's Secret & Co.

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.