Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Algert Global LLC

Algert Global LLC decreased its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,619 shares of the company’s stock after selling 13,702 shares during the period. Algert Global LLC owned 0.11% of Victoria’s Secret & Co. worth $2,149,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares in the last quarter. Marshall Wace LLP lifted its position in Victoria’s Secret & Co. by 1,218.1% during the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after buying an additional 571,295 shares in the last quarter. Lombard Odier Asset Management USA Corp grew its stake in Victoria’s Secret & Co. by 102.3% during the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after buying an additional 511,573 shares during the period. Victory Capital Management Inc. increased its position in shares of Victoria’s Secret & Co. by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after acquiring an additional 258,059 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Victoria’s Secret & Co. in the second quarter worth $2,486,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VSCO shares. TD Cowen upped 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 research report on Friday, August 30th. BMO Capital Markets upped their target price on Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Jefferies Financial Group raised their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company upped their price target on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Bank of America lifted their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. Stock Up 0.3 %

Shares of NYSE:VSCO opened at $37.50 on Wednesday. The firm has a market cap of $2.94 billion, a PE ratio of 21.80 and a beta of 2.10. The company has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $23.49. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.01 EPS for the current fiscal year.

About Victoria’s Secret & Co.

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.