Windacre Partnership LLC Cuts Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Windacre Partnership LLC decreased its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,301,244 shares of the company’s stock after selling 286,946 shares during the period. Victoria’s Secret & Co. makes up approximately 1.4% of Windacre Partnership LLC’s investment portfolio, making the stock its 12th biggest position. Windacre Partnership LLC owned 6.83% of Victoria’s Secret & Co. worth $102,738,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VSCO. Bayberry Capital Partners LP purchased a new position in shares of Victoria’s Secret & Co. during the first quarter valued at about $11,919,000. Norges Bank purchased a new position in Victoria’s Secret & Co. in the fourth quarter worth about $8,986,000. 12 West Capital Management LP purchased a new position in Victoria’s Secret & Co. in the first quarter worth about $5,330,000. Natixis grew its position in Victoria’s Secret & Co. by 1,100,000.0% in the first quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after acquiring an additional 275,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Victoria’s Secret & Co. by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,192,532 shares of the company’s stock worth $31,650,000 after acquiring an additional 188,384 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on VSCO. The Goldman Sachs Group began coverage on Victoria’s Secret & Co. in a research report on Thursday, April 25th. They issued a “sell” rating and a $14.00 price target for the company. Barclays lifted their price target on Victoria’s Secret & Co. from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. lifted their price target on Victoria’s Secret & Co. from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $20.00 price objective on shares of Victoria’s Secret & Co. in a research note on Thursday, June 6th. Finally, Morgan Stanley downgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $19.00 to $15.00 in a research note on Monday, May 6th. Six analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Victoria’s Secret & Co. Trading Down 2.9 %

Shares of Victoria’s Secret & Co. stock traded down $0.52 on Tuesday, hitting $17.55. 1,814,371 shares of the company traded hands, compared to its average volume of 2,834,715. The stock’s 50 day moving average price is $18.89 and its 200-day moving average price is $20.99. The company has a current ratio of 0.97, a quick ratio of 0.28 and a debt-to-equity ratio of 2.51. Victoria’s Secret & Co. has a 52 week low of $13.62 and a 52 week high of $30.80. The company has a market cap of $1.37 billion, a PE ratio of 13.50, a PEG ratio of 1.15 and a beta of 2.08.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Equities research analysts predict that Victoria’s Secret & Co. will post 1.72 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.