Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,231,794 shares of the company's stock after selling 58,028 shares during the quarter. State Street Corp owned 4.12% of Victoria's Secret & Co. worth $83,057,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VSCO. Dark Forest Capital Management LP bought a new position in shares of Victoria's Secret & Co. during the 2nd quarter worth $589,000. Forest Avenue Capital Management LP purchased a new stake in Victoria's Secret & Co. in the third quarter worth about $40,861,000. Aristeia Capital L.L.C. bought a new position in Victoria's Secret & Co. during the 2nd quarter worth about $1,171,000. MetLife Investment Management LLC increased its position in Victoria's Secret & Co. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock valued at $1,173,000 after purchasing an additional 25,723 shares during the period. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of Victoria's Secret & Co. in the 2nd quarter valued at about $408,000. 90.29% of the stock is currently owned by institutional investors.

Victoria's Secret & Co. Stock Performance

VSCO traded down $1.12 during midday trading on Tuesday, hitting $44.77. 1,387,482 shares of the company were exchanged, compared to its average volume of 2,699,943. The company's 50 day simple moving average is $34.98 and its 200 day simple moving average is $25.86. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. Victoria's Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 3.12.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company reissued an "equal weight" rating and issued a $45.00 price objective (up previously from $33.00) on shares of Victoria's Secret & Co. in a research note on Monday, December 9th. Jefferies Financial Group raised their price target on shares of Victoria's Secret & Co. from $30.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. BMO Capital Markets boosted their price objective on shares of Victoria's Secret & Co. from $33.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Barclays upgraded Victoria's Secret & Co. from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $40.00 price objective on shares of Victoria's Secret & Co. in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $36.73.

Victoria's Secret & Co. Profile

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.