Victory Capital Management Inc. Sells 785,995 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Victory Capital Management Inc. reduced its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 45.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 927,394 shares of the company's stock after selling 785,995 shares during the quarter. Victory Capital Management Inc. owned 1.18% of Victoria's Secret & Co. worth $38,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VSCO. FMR LLC boosted its holdings in shares of Victoria's Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock worth $70,856,000 after purchasing an additional 1,636,602 shares in the last quarter. Forest Avenue Capital Management LP purchased a new position in shares of Victoria's Secret & Co. in the 3rd quarter worth about $40,861,000. Two Sigma Advisers LP boosted its holdings in shares of Victoria's Secret & Co. by 172.0% in the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock worth $12,927,000 after purchasing an additional 318,099 shares in the last quarter. Castellan Group purchased a new position in shares of Victoria's Secret & Co. in the 3rd quarter worth about $6,218,000. Finally, Weiss Asset Management LP purchased a new position in shares of Victoria's Secret & Co. in the 3rd quarter worth about $4,397,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VSCO shares. Jefferies Financial Group upped their price objective on Victoria's Secret & Co. from $30.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Barclays dropped their target price on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a report on Friday. Morgan Stanley dropped their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday. Finally, The Goldman Sachs Group dropped their target price on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $31.73.

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Victoria's Secret & Co. Trading Down 2.7 %

VSCO traded down $0.45 during midday trading on Tuesday, reaching $16.34. 9,504,743 shares of the company's stock traded hands, compared to its average volume of 2,858,702. The firm has a fifty day moving average of $32.75 and a two-hundred day moving average of $32.46. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 1.15 and a beta of 2.16. 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. has a 52 week low of $15.12 and a 52 week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS 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 business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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.