DekaBank Deutsche Girozentrale Sells 2,634 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

DekaBank Deutsche Girozentrale lessened its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 51.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,459 shares of the company’s stock after selling 2,634 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Victoria’s Secret & Co. were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VSCO. Headlands Technologies LLC lifted its holdings in Victoria’s Secret & Co. by 1,925.3% during the 2nd quarter. Headlands Technologies LLC now owns 8,790 shares of the company’s stock valued at $155,000 after buying an additional 8,356 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $221,000. Claret Asset Management Corp bought a new position in Victoria’s Secret & Co. in the fourth quarter worth approximately $226,000. China Universal Asset Management Co. Ltd. bought a new position in Victoria’s Secret & Co. in the first quarter worth approximately $234,000. Finally, SG Americas Securities LLC increased its holdings in Victoria’s Secret & Co. by 47.2% during the 1st quarter. SG Americas Securities LLC now owns 14,077 shares of the company’s stock worth $273,000 after purchasing an additional 4,514 shares during the period. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VSCO shares. TD Cowen increased their price target on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Telsey Advisory Group raised their target price on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Thursday, August 29th. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $23.00 to $25.00 in a research report on Wednesday. Bank of America lifted their price objective 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. Finally, Morgan Stanley upped their target price on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.60.

Victoria’s Secret & Co. Trading Down 1.5 %

Shares of NYSE:VSCO opened at $25.59 on Friday. The business’s 50-day moving average is $21.28 and its 200 day moving average is $19.80. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $30.80. The firm has a market capitalization of $2.00 billion, a P/E ratio of 19.68 and a beta of 2.13.

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