SG Americas Securities LLC Reduces Stake in Victoria’s Secret & Co. (NYSE:VSCO)

SG Americas Securities LLC lessened its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 11.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,582 shares of the company’s stock after selling 999 shares during the quarter. SG Americas Securities LLC’s holdings in Victoria’s Secret & Co. were worth $195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $50,000. Quarry LP lifted its stake in Victoria’s Secret & Co. by 126.6% in the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after purchasing an additional 1,764 shares in the last quarter. Headlands Technologies LLC boosted its holdings in Victoria’s Secret & Co. by 1,925.3% in the 2nd quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock valued at $155,000 after purchasing an additional 8,356 shares during the period. Magnetar Financial LLC purchased a new position in shares of Victoria’s Secret & Co. during the 2nd quarter valued at $195,000. Finally, Lombard Odier Asset Management USA Corp grew its position in shares of Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after purchasing an additional 511,573 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. Morgan Stanley lifted their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. BMO Capital Markets upped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price target on shares of Victoria’s Secret & Co. in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.30.

Victoria’s Secret & Co. Stock Down 0.6 %

Shares of VSCO opened at $29.18 on Thursday. Victoria’s Secret & Co. has a 1 year low of $15.12 and a 1 year high of $30.80. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The stock has a 50 day simple moving average of $24.78 and a two-hundred day simple moving average of $20.86. The firm has a market cap of $2.28 billion, a P/E ratio of 22.45 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. On average, analysts forecast that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Victoria’s Secret & Co. Company Profile

Victoria's Secret & Co operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide. It offers bras, panties, lingerie, casual sleepwear, and athleisure and swim, as well as fragrances and body care; and loungewear, knit tops, activewear, and accessories and beauty under the Victoria's Secret, PINK, and Adore Me brands.