Barclays PLC Sells 11,440 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Barclays PLC decreased its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 289,494 shares of the company’s stock after selling 11,440 shares during the quarter. Barclays PLC owned about 0.37% of Victoria’s Secret & Co. worth $11,991,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VSCO. Vanguard Group Inc. increased its stake in shares of Victoria’s Secret & Co. by 0.7% in 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 in the last quarter. FMR LLC increased its holdings in shares of Victoria’s Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after acquiring an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership raised 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 period. Geode Capital Management LLC grew its position in Victoria’s Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock valued at $46,121,000 after purchasing an additional 24,967 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Victoria’s Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock valued at $67,562,000 after purchasing an additional 22,684 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Up 2.8 %

NYSE:VSCO opened at $16.45 on Tuesday. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The firm’s 50 day moving average is $21.29 and its 200 day moving average is $31.09. The stock has a market capitalization of $1.29 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

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. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VSCO. Bank of America reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Telsey Advisory Group decreased their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. BMO Capital Markets dropped their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced 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. Two 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.09.

Insider Transactions at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the acquisition, the insider now directly owns 9,389,805 shares of the company’s stock, valued at approximately $182,819,503.35. The trade was a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 1,503,973 shares of company stock worth $26,617,312 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Victoria’s Secret & Co. Company 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.