Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 3.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 166,157 shares of the company’s stock after selling 6,100 shares during the period. Public Sector Pension Investment Board owned approximately 0.21% of Victoria’s Secret & Co. worth $4,270,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its position in Victoria’s Secret & Co. by 741.4% during the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Victoria’s Secret & Co. during the second quarter worth $50,000. Quarry LP grew its holdings in shares of Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock valued at $81,000 after acquiring an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new position in Victoria’s Secret & Co. in the 3rd quarter worth $92,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

VSCO opened at $41.88 on Tuesday. The firm’s fifty day simple moving average is $30.55 and its two-hundred day simple moving average is $23.96. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $42.95. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 24.35 and a beta of 2.19. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27.

Analyst Ratings Changes

VSCO has been the topic of several research analyst reports. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen increased their price target on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley increased their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Finally, BMO Capital Markets boosted their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus target price of $27.60.

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.