Victory Capital Management Inc. Sells 144,761 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Victory Capital Management Inc. trimmed its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 7.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,713,389 shares of the company’s stock after selling 144,761 shares during the quarter. Victory Capital Management Inc.’s holdings in Victoria’s Secret & Co. were worth $44,034,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis lifted its holdings in shares of Victoria’s Secret & Co. by 1,100,000.0% during the 1st quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after acquiring an additional 275,000 shares during the period. Dark Forest Capital Management LP bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $589,000. Aristeia Capital L.L.C. bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $1,171,000. Alpha DNA Investment Management LLC bought a new position in shares of Victoria’s Secret & Co. during the 2nd quarter worth about $408,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Victoria’s Secret & Co. by 16.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after acquiring an additional 91,712 shares during the period. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Trading Up 1.8 %

VSCO opened at $36.68 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.31 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $2.88 billion, a PE ratio of 21.33 and a beta of 2.10. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $37.62. The firm has a 50-day moving average price of $27.87 and a two-hundred day moving average price of $22.64.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VSCO shares. Morgan Stanley lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. TD Cowen lifted their price target on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Jefferies Financial Group lifted their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $23.00 to $25.00 in a report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.30.

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.