Castellan Group Sells 65,658 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Castellan Group lessened its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,279 shares of the company’s stock after selling 65,658 shares during the period. Victoria’s Secret & Co. accounts for 3.2% of Castellan Group’s portfolio, making the stock its 7th largest holding. Castellan Group owned 0.22% of Victoria’s Secret & Co. worth $7,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VSCO. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $27,000. Blue Trust Inc. grew its holdings in Victoria’s Secret & Co. by 741.4% during the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $92,000. GAMMA Investing LLC grew its holdings in Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after purchasing an additional 326 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Victoria’s Secret & Co. by 13.6% during the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after purchasing an additional 835 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 0.1 %

Shares of VSCO stock opened at $32.59 on Thursday. The stock has a market cap of $2.56 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.31 and a beta of 2.11. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The stock has a fifty day moving average price of $39.64 and a 200 day moving average price of $31.59. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Victoria’s Secret & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned ($0.86) earnings per share. Analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on VSCO shares. JPMorgan Chase & Co. upgraded Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and increased their price target for the company from $29.00 to $45.00 in a report on Monday, December 9th. TD Cowen increased their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Wells Fargo & Company reduced their price objective on Victoria’s Secret & Co. from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Jefferies Financial Group increased their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Bank of America reduced their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.36.

Victoria’s Secret & Co. Profile

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.