Victory Capital Management Inc. Sells 1,529 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Victory Capital Management Inc. decreased its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 7.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,407 shares of the company’s stock after selling 1,529 shares during the period. Victory Capital Management Inc.’s holdings in Victoria’s Secret & Co. were worth $489,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VSCO. NBC Securities Inc. bought a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at about $74,000. Illinois Municipal Retirement Fund acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth $799,000. Fox Run Management L.L.C. bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter valued at about $299,000. Newport Trust Company LLC bought a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $3,344,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Victoria’s Secret & Co. during the 3rd quarter worth $448,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of Victoria’s Secret & Co. stock opened at $20.76 on Friday. The business has a 50-day moving average price of $18.82 and a two-hundred day moving average price of $22.83. Victoria’s Secret & Co. has a 1-year low of $13.62 and a 1-year high of $30.80. The company has a current ratio of 0.95, a quick ratio of 0.34 and a debt-to-equity ratio of 2.56. The company has a market cap of $1.61 billion, a P/E ratio of 15.26, a PEG ratio of 1.26 and a beta of 2.05.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. As a group, analysts anticipate that Victoria’s Secret & Co. will post 1.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley cut shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Monday, May 6th. Wells Fargo & Company dropped their price objective on Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Barclays downgraded Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $15.00 to $14.00 in a research report on Wednesday, May 8th. Finally, Bank of America restated an “underperform” rating and issued a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.00.

Victoria’s Secret & Co. Company 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.