Victoria’s Secret & Co. (NYSE:VSCO) Stake Lessened by Amalgamated Bank

Amalgamated Bank cut its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,018 shares of the company’s stock after selling 767 shares during the period. Amalgamated Bank’s holdings in Victoria’s Secret & Co. were worth $592,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Victoria’s Secret & Co. in the second quarter valued at about $50,000. Quarry LP raised its stake in Victoria’s Secret & Co. by 126.6% during the second quarter. Quarry LP now owns 3,157 shares of the company’s stock valued at $56,000 after buying an additional 1,764 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Victoria’s Secret & Co. by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after buying an additional 1,652 shares during the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Victoria’s Secret & Co. in the 3rd quarter worth approximately $92,000. 90.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VSCO has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Bank of America lifted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a report on Friday, August 30th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $23.00 to $25.00 in a research note on Wednesday, September 18th. TD Cowen lifted their target price on 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, Wells Fargo & Company upped their target price on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $26.30.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $36.68 on Friday. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $37.62. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 21.33 and a beta of 2.10. The business has a 50 day simple moving average of $27.87 and a 200 day simple moving average of $22.64. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

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

About Victoria’s Secret & Co.

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.