Sei Investments Co. Sells 35,369 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Sei Investments Co. reduced its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,392 shares of the company's stock after selling 35,369 shares during the quarter. Sei Investments Co. owned about 0.17% of Victoria's Secret & Co. worth $5,608,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Victoria's Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after purchasing an additional 1,636,602 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Victoria's Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock worth $46,121,000 after buying an additional 24,967 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Victoria's Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock valued at $67,562,000 after acquiring an additional 22,684 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Victoria's Secret & Co. by 172.0% during the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock worth $12,927,000 after acquiring an additional 318,099 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Victoria's Secret & Co. by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 381,419 shares of the company's stock worth $15,798,000 after acquiring an additional 11,909 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research firms have issued reports on VSCO. Bank of America decreased their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a report on Thursday, January 30th. Barclays lowered their price target on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. The Goldman Sachs Group cut their price objective on shares of Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a report on Monday, March 10th. Telsey Advisory Group lowered their target price on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Finally, UBS Group cut their price target on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $31.73.

Insider Transactions at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 1,503,973 shares of company stock valued at $26,617,312 over the last three months. Corporate insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Stock Performance

NYSE:VSCO traded up $1.96 during trading hours on Friday, reaching $16.83. The company had a trading volume of 11,263,088 shares, compared to its average volume of 2,858,291. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 1.15 and a beta of 2.26. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm's 50 day moving average price is $25.88 and its 200-day moving average price is $31.91. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73.

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 return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.10 billion. On average, analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Victoria's Secret & Co. Company 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.