Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by State Street Corp

State Street Corp reduced its position in Victoria’s Secret & Co. (NYSE:VSCO) by 1.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,231,794 shares of the company’s stock after selling 58,028 shares during the quarter. State Street Corp owned about 4.12% of Victoria’s Secret & Co. worth $83,057,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Systematic Financial Management LP acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $608,000. Polar Asset Management Partners Inc. grew its stake in shares of Victoria’s Secret & Co. by 33.7% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 109,000 shares of the company’s stock worth $2,801,000 after purchasing an additional 27,500 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $330,000. Holocene Advisors LP acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $240,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Victoria’s Secret & Co. during the 3rd quarter worth $986,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VSCO has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday, December 6th. Jefferies Financial Group upped their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. UBS Group raised shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $47.00 in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group increased their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and a consensus target price of $36.73.

Victoria’s Secret & Co. Price Performance

NYSE:VSCO opened at $45.89 on Tuesday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 2.88 and a beta of 2.19. The company has a current ratio of 1.17, a quick ratio of 0.31 and a debt-to-equity ratio of 3.12. The company’s 50-day moving average is $34.98 and its two-hundred day moving average is $25.86. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.86) EPS. Research analysts expect that Victoria’s Secret & Co. will post 2.31 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.