LSV Asset Management Sells 54,300 Shares of Victoria's Secret & Co. (NYSE:VSCO)

LSV Asset Management lessened its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 65.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,300 shares of the company's stock after selling 54,300 shares during the quarter. LSV Asset Management's holdings in Victoria's Secret & Co. were worth $1,172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VSCO. GAMMA Investing LLC grew its stake in Victoria's Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after buying an additional 326 shares during the last quarter. Picton Mahoney Asset Management grew its position in shares of Victoria's Secret & Co. by 6.5% in the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock valued at $322,000 after purchasing an additional 477 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Victoria's Secret & Co. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock worth $1,097,000 after purchasing an additional 1,117 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Victoria's Secret & Co. by 7.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company's stock worth $753,000 after purchasing an additional 1,198 shares during the period. Finally, Swiss National Bank lifted its position in shares of Victoria's Secret & Co. by 0.9% during the 4th quarter. Swiss National Bank now owns 139,000 shares of the company's stock worth $5,757,000 after purchasing an additional 1,300 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America dropped their price target on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research report on Thursday, January 30th. Barclays dropped their target price on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. UBS Group reduced their price target on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Finally, Wells Fargo & Company reduced their target price on shares of Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Two equities research 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 stock presently has a consensus rating of "Hold" and an average price target of $30.09.

Victoria's Secret & Co. Price Performance

Shares of VSCO traded up $0.39 during trading hours on Friday, hitting $16.01. The stock had a trading volume of 2,550,245 shares, compared to its average volume of 2,919,760. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.15 and a beta of 2.26. The company's fifty day moving average is $21.61 and its two-hundred day moving average is $31.06. 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. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Activity at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the transaction, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 1,503,973 shares of company stock valued at $26,617,312 over the last quarter. Corporate insiders own 1.10% of the company's stock.

About Victoria's Secret & Co.

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.