Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 18.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,535 shares of the company's stock after selling 26,247 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Victoria's Secret & Co. worth $2,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VSCO. FMR LLC raised its position 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 buying an additional 1,636,602 shares during the period. Forest Avenue Capital Management LP acquired a new stake in Victoria's Secret & Co. during the third quarter worth $40,861,000. AQR Capital Management LLC raised its position in Victoria's Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company's stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the period. Marshall Wace LLP lifted its stake in shares of Victoria's Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company's stock valued at $10,924,000 after purchasing an additional 571,295 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its stake in shares of Victoria's Secret & Co. by 102.3% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company's stock valued at $204,000 after purchasing an additional 511,573 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Stock Up 4.1 %

Shares of NYSE VSCO traded up $1.92 during mid-day trading on Friday, hitting $48.71. The company had a trading volume of 1,411,151 shares, compared to its average volume of 2,271,323. The company has a market capitalization of $3.83 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The business's 50-day simple moving average is $34.55 and its 200 day simple moving average is $25.66. Victoria's Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Victoria's Secret & Co.'s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.86) EPS. On average, analysts predict that Victoria's Secret & Co. will post 2.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VSCO shares. Bank of America boosted their price objective on shares of Victoria's Secret & Co. from $18.00 to $21.00 and gave the company an "underperform" rating in a report on Friday, August 30th. Morgan Stanley boosted their price target on shares of Victoria's Secret & Co. from $23.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. UBS Group raised shares of Victoria's Secret & Co. from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $18.00 to $47.00 in a research report on Tuesday. Telsey Advisory Group reissued a "market perform" rating and issued a $40.00 target price on shares of Victoria's Secret & Co. in a research report on Friday, December 6th. Finally, TD Cowen upped their price target on Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.73.

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.