Peregrine Capital Management LLC Sells 40,762 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Peregrine Capital Management LLC lowered its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 19.3% during the fourth quarter, HoldingsChannel reports. The fund owned 170,963 shares of the company’s stock after selling 40,762 shares during the quarter. Peregrine Capital Management LLC’s holdings in Victoria’s Secret & Co. were worth $7,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC grew its position in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in Victoria’s Secret & Co. during the third quarter worth about $40,861,000. Two Sigma Advisers LP increased its stake in Victoria’s Secret & Co. by 172.0% during the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after acquiring an additional 318,099 shares during the period. Castellan Group acquired a new position in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $6,218,000. Finally, Weiss Asset Management LP bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $4,397,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VSCO shares. Bank of America lowered their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. The Goldman Sachs Group lowered their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, January 30th. TD Cowen raised their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Morgan Stanley lowered their target price on shares of Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price target on shares of Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.36.

Victoria’s Secret & Co. Price Performance

Shares of Victoria’s Secret & Co. stock opened at $31.22 on Wednesday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.28 and a beta of 2.11. The firm’s 50-day moving average price is $38.53 and its two-hundred day moving average price is $32.12. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company earned ($0.86) EPS. Victoria’s Secret & Co.’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Victoria’s Secret & Co. 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.