Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP decreased its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 98,480 shares of the company’s stock after selling 7,573 shares during the quarter. ARGA Investment Management LP’s holdings in Victoria’s Secret & Co. were worth $4,079,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. TriaGen Wealth Management LLC acquired a new stake in Victoria’s Secret & Co. during the fourth quarter valued at approximately $713,000. Oliver Luxxe Assets LLC bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $1,963,000. Nisa Investment Advisors LLC raised its position in shares of Victoria’s Secret & Co. by 23.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,283 shares of the company’s stock valued at $716,000 after acquiring an additional 3,277 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Victoria’s Secret & Co. during the fourth quarter worth $206,000. Finally, Ballentine Partners LLC acquired a new position in Victoria’s Secret & Co. in the fourth quarter worth $236,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VSCO shares. TD Cowen raised their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Barclays upgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $51.00 to $53.00 in a research note on Tuesday, January 28th. Bank of America decreased their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and an average target price of $42.36.

Victoria’s Secret & Co. Stock Down 2.0 %

VSCO opened at $34.21 on Wednesday. The stock’s 50 day moving average price is $40.53 and its 200 day moving average price is $31.06. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The stock has a market cap of $2.69 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.70 and a beta of 2.11. 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 issued its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) 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 return on equity of 44.74% and a net margin of 2.47%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned ($0.86) earnings per share. As a group, research analysts predict that Victoria’s Secret & Co. will post 2.36 earnings per share for the current year.

About Victoria’s Secret & Co.

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.