Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 68.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,414 shares of the company's stock after selling 24,427 shares during the quarter. Bank of Montreal Can's holdings in Victoria's Secret & Co. were worth $473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new position in Victoria's Secret & Co. in the 4th quarter valued at approximately $123,000. GAMMA Investing LLC raised its holdings in Victoria's Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after purchasing an additional 326 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Victoria's Secret & Co. in the fourth quarter valued at $206,000. Finally, Amundi increased its position in shares of Victoria's Secret & Co. by 61.0% in the fourth quarter. Amundi now owns 5,549 shares of the company's stock valued at $214,000 after buying an additional 2,103 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VSCO. JPMorgan Chase & Co. lowered their price objective on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. BMO Capital Markets reduced their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Telsey Advisory Group dropped their price target on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Barclays decreased their price objective on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Finally, The Goldman Sachs Group reduced their target price 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.09.

Victoria's Secret & Co. Stock Performance

NYSE:VSCO opened at $16.45 on Tuesday. Victoria's Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The firm's 50 day moving average is $21.29 and its two-hundred day moving average is $31.09. The company has a market cap of $1.29 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.15 and a beta of 2.26. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of Victoria's Secret & Co. stock in a transaction on Friday, March 28th. The shares were bought at an average price of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the purchase, the insider now directly owns 10,098,131 shares in the company, valued at $186,613,460.88. This trade represents a 6.14 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 1,503,973 shares of company stock worth $26,617,312 over the last ninety days. 1.10% of the stock is owned by company insiders.

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.

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