Federated Hermes Inc. Buys 30,346 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Federated Hermes Inc. increased its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,385 shares of the company’s stock after purchasing an additional 30,346 shares during the quarter. Federated Hermes Inc. owned about 0.17% of Victoria’s Secret & Co. worth $5,483,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VSCO. Russell Investments Group Ltd. lifted its holdings in Victoria’s Secret & Co. by 5.3% during the 4th quarter. Russell Investments Group Ltd. now owns 159,078 shares of the company’s stock worth $6,589,000 after buying an additional 8,077 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Victoria’s Secret & Co. by 7.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company’s stock valued at $753,000 after acquiring an additional 1,198 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $379,000. Wells Fargo & Company MN increased its position in Victoria’s Secret & Co. by 18.9% in the fourth quarter. Wells Fargo & Company MN now owns 60,067 shares of the company’s stock worth $2,488,000 after purchasing an additional 9,527 shares during the period. Finally, Pinpoint Asset Management Ltd bought a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $123,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Down 3.1 %

NYSE:VSCO opened at $17.05 on Friday. Victoria’s Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The stock has a 50-day moving average price of $23.32 and a two-hundred day moving average price of $31.43. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.15 and a beta of 2.26. 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. (NYSE:VSCO) last issued its quarterly earnings data 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. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. As a group, equities analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VSCO. Telsey Advisory Group reduced their target price on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. Morgan Stanley dropped their target price on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Barclays reduced their price target on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Cowen reiterated a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.73.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the purchase, the insider now owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. The trade was a 2.10 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 1,503,973 shares of company stock valued at $26,617,312. Company insiders own 1.10% of the company’s stock.

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.