Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Castellan Group

Castellan Group reduced its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,279 shares of the company’s stock after selling 65,658 shares during the quarter. Victoria’s Secret & Co. accounts for 3.2% of Castellan Group’s portfolio, making the stock its 7th largest position. Castellan Group’s holdings in Victoria’s Secret & Co. were worth $7,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at $27,000. Blue Trust Inc. increased its stake in shares of Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after buying an additional 1,505 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Victoria’s Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after buying an additional 326 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at $92,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at $206,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Price Performance

Shares of VSCO opened at $32.59 on Thursday. 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. The stock has a market cap of $2.56 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.31 and a beta of 2.11. The stock’s 50-day moving average price is $39.64 and its two-hundred day moving average price is $31.59.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted ($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 year.

Wall Street Analysts Forecast Growth

VSCO has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, January 30th. Jefferies Financial Group lifted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets lifted their price objective 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. Bank of America lowered their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Finally, TD Cowen raised their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, six 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 presently has an average rating of “Hold” and an average price target 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.