Royce & Associates LP Reduces Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Royce & Associates LP lowered its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 11.7% in the 3rd quarter, Holdings Channel reports. The firm owned 226,467 shares of the company’s stock after selling 30,090 shares during the quarter. Royce & Associates LP’s holdings in Victoria’s Secret & Co. were worth $5,820,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Victoria’s Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after acquiring an additional 1,368,103 shares during the last quarter. Bayberry Capital Partners LP purchased a new stake in shares of Victoria’s Secret & Co. during the first quarter worth about $11,919,000. Marshall Wace LLP lifted its holdings in Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after buying an additional 571,295 shares during the period. Lombard Odier Asset Management USA Corp boosted its holdings in Victoria’s Secret & Co. by 102.3% in the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after acquiring an additional 511,573 shares in the last quarter. Finally, Natixis boosted its stake 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 valued at $5,330,000 after purchasing an additional 275,000 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on VSCO shares. Bank of America lifted their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Wells Fargo & Company increased 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. TD Cowen lifted their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, August 30th. The Goldman Sachs Group lifted their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets upped their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Stock Down 0.3 %

VSCO opened at $36.58 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $2.87 billion, a PE ratio of 21.27 and a beta of 2.10. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $37.72. The firm has a 50-day simple moving average of $28.14 and a two-hundred day simple moving average of $22.84.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.41 billion. Analysts forecast 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.