Royce & Associates LP Trims Stake in Victoria's Secret & Co. (NYSE:VSCO)

Royce & Associates LP cut its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,377 shares of the company's stock after selling 91,090 shares during the quarter. Royce & Associates LP owned about 0.17% of Victoria's Secret & Co. worth $5,607,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Natixis Advisors LLC purchased a new position in shares of Victoria's Secret & Co. in the fourth quarter valued at $444,000. Picton Mahoney Asset Management grew its position in Victoria's Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock worth $322,000 after buying an additional 477 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Victoria's Secret & Co. during the fourth quarter worth about $218,000. Swiss National Bank grew its position in Victoria's Secret & Co. by 0.9% during the fourth quarter. Swiss National Bank now owns 139,000 shares of the company's stock worth $5,757,000 after buying an additional 1,300 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Victoria's Secret & Co. during the fourth quarter worth about $1,186,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

VSCO has been the subject of several recent analyst reports. Morgan Stanley reduced 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 research report on Friday, March 7th. Wells Fargo & Company reduced their target price on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. UBS Group reduced their target price on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. 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 note on Thursday, March 6th. Finally, Bank of America dropped their price target on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Victoria's Secret & Co. presently has an average rating of "Hold" and a consensus price target of $31.73.

Victoria's Secret & Co. Trading Down 3.4 %

Shares of NYSE VSCO traded down $0.74 during midday trading on Friday, reaching $21.01. The company had a trading volume of 4,921,197 shares, compared to its average volume of 2,703,983. Victoria's Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The firm's fifty day moving average price is $29.57 and its 200-day moving average price is $32.17. The stock has a market cap of $1.65 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released 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, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Victoria's Secret & Co. Company 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.