Victoria’s Secret & Co. (NYSE:VSCO) Position Lessened by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 54.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,995 shares of the company’s stock after selling 8,482 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Victoria’s Secret & Co. were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VSCO. Farther Finance Advisors LLC lifted its holdings in shares of Victoria’s Secret & Co. by 13.6% in the 3rd 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 last quarter. Versor Investments LP bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $907,000. Aigen Investment Management LP bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $332,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $360,000. Finally, Intech Investment Management LLC bought a new stake in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $382,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 6.4 %

Shares of VSCO stock opened at $19.08 on Monday. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The stock has a market cap of $1.50 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The business’s fifty day moving average is $33.75 and its 200-day moving average is $32.56. 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 quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Equities analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VSCO has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. 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 research report on Tuesday, November 12th. UBS Group lowered their target price on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. 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 report on Thursday, January 30th. Finally, The Goldman Sachs Group lowered their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating on the stock in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus target price of $33.18.

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.