Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 68.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,414 shares of the company’s stock after selling 24,427 shares during the quarter. Bank of Montreal Can’s holdings in Victoria’s Secret & Co. were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VSCO. Vanguard Group Inc. boosted its stake in Victoria’s Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after acquiring an additional 58,981 shares during the last quarter. FMR LLC raised its stake in shares of Victoria’s Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after purchasing an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Victoria’s Secret & Co. by 7.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after purchasing an additional 137,074 shares during the last quarter. Geode Capital Management LLC grew its stake in Victoria’s Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Victoria’s Secret & Co. by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock valued at $67,562,000 after buying an additional 22,684 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Telsey Advisory Group reduced their target price on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. BMO Capital Markets reduced their price target on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, UBS Group lowered their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.09.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the purchase, the insider now owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is owned by corporate insiders.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $16.45 on Tuesday. The business has a 50 day simple moving average of $21.29 and a 200 day simple moving average of $31.09. 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 firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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.