Credit Suisse AG Has $2.17 Million Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Credit Suisse AG lowered its holdings in Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) by 1.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,401 shares of the company’s stock after selling 823 shares during the quarter. Credit Suisse AG owned 0.09% of Victoria’s Secret & Co. worth $2,167,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Victoria’s Secret & Co. by 7.6% during the 1st quarter. Wellington Management Group LLP now owns 3,366,496 shares of the company’s stock worth $172,904,000 after purchasing an additional 237,651 shares in the last quarter. UBS Group AG grew its stake in Victoria’s Secret & Co. by 35.2% in the third quarter. UBS Group AG now owns 2,340,812 shares of the company’s stock valued at $68,164,000 after acquiring an additional 609,435 shares during the period. State Street Corp grew its stake in Victoria’s Secret & Co. by 2.5% in the second quarter. State Street Corp now owns 2,092,132 shares of the company’s stock valued at $58,517,000 after acquiring an additional 50,669 shares during the period. Point72 Asset Management L.P. grew its stake in Victoria’s Secret & Co. by 8,783.7% in the second quarter. Point72 Asset Management L.P. now owns 1,080,971 shares of the company’s stock valued at $30,235,000 after acquiring an additional 1,068,803 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Victoria’s Secret & Co. by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 889,936 shares of the company’s stock worth $45,707,000 after buying an additional 158,620 shares during the period. Institutional investors own 87.62% of the company’s stock.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc sold 116,750 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $46.09, for a total transaction of $5,381,007.50. Following the sale, the insider now directly owns 8,002,054 shares in the company, valued at $368,814,668.86. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Cowen boosted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 in a research report on Friday, December 2nd. JPMorgan Chase & Co. raised their target price on shares of Victoria’s Secret & Co. from $43.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, January 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $45.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday. UBS Group downgraded shares of Victoria’s Secret & Co. from a “neutral” rating to a “sell” rating in a research report on Thursday, January 5th. Finally, Cowen lifted their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 in a research note on Friday, December 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.73.

Victoria’s Secret & Co. Price Performance

NYSE VSCO opened at $35.78 on Monday. The company has a market cap of $2.89 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.84 and a beta of 2.19. Victoria’s Secret & Co. has a 52 week low of $26.14 and a 52 week high of $56.23. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 4.94. The firm’s 50-day simple moving average is $39.12 and its two-hundred day simple moving average is $38.32.

Victoria’s Secret & Co. (NYSE:VSCO – Get Rating) last released its quarterly earnings data on Friday, March 3rd. The company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.33 by $0.14. Victoria’s Secret & Co. had a net margin of 5.49% and a return on equity of 161.81%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. The company’s revenue was down 7.1% compared to the same quarter last year. Research analysts predict that Victoria’s Secret & Co. will post 5.14 earnings per share for the current year.

About Victoria’s Secret & Co.

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Victoria's Secret & Co operates as a specialty retailer of women's intimate, personal care, and beauty products worldwide. The company offers bras, panties, lingerie, sleepwear, loungewear, and athletic attire and swimwear, as well as fragrances and body care products, and accessories under the Victoria's Secret and PINK brands.