Wolverine Asset Management LLC Sells 50,580 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Wolverine Asset Management LLC lowered its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 42.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,324 shares of the company’s stock after selling 50,580 shares during the period. Wolverine Asset Management LLC’s holdings in Victoria’s Secret & Co. were worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Victoria’s Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after purchasing an additional 412 shares during the period. Farther Finance Advisors LLC increased its stake in shares of 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 purchasing an additional 835 shares during the period. Virtus Fund Advisers LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter worth approximately $27,000. Finally, New York State Common Retirement Fund increased its stake in shares of Victoria’s Secret & Co. by 4.4% during the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company’s stock worth $1,097,000 after purchasing an additional 1,117 shares during the period. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 5.0 %

Shares of VSCO stock opened at $27.87 on Friday. The stock’s fifty day moving average price is $37.41 and its two-hundred day moving average price is $32.16. The company has a market cap of $2.19 billion, a PE ratio of 14.44, a P/E/G ratio of 1.17 and a beta of 2.11. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.86) EPS. Equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VSCO shares. Bank of America lowered their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. Telsey Advisory Group reduced their price target on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley reduced their price target on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. BMO Capital Markets increased their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $29.00 to $45.00 in a research report on Monday, December 9th. Two equities 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.36.

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.