River Global Investors LLP Lowers Stake in Victoria’s Secret & Co. (NYSE:VSCO)

River Global Investors LLP lessened its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,209 shares of the company’s stock after selling 8,323 shares during the period. River Global Investors LLP’s holdings in Victoria’s Secret & Co. were worth $1,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $27,000. Smartleaf Asset Management LLC grew its stake in Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after acquiring an additional 1,682 shares during the period. GAMMA Investing LLC increased its holdings in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after acquiring an additional 326 shares in the last quarter. Farther Finance Advisors LLC raised its position in Victoria’s Secret & Co. by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock worth $179,000 after acquiring an additional 835 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth $206,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VSCO shares. Barclays dropped their target price on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday. 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 report on Thursday. JPMorgan Chase & Co. lowered their price target on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday. Jefferies Financial Group increased their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lowered their target price on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.18.

Victoria’s Secret & Co. Stock Down 6.4 %

Shares of NYSE:VSCO opened at $19.08 on Friday. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week 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 business has a fifty day moving average of $34.22 and a two-hundred day moving average of $32.48. The stock has a market cap of $1.50 billion, a P/E ratio of 9.89, a PEG ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. On average, research analysts expect 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.