Wellington Management Group LLP Decreases Position in Victoria’s Secret & Co. (NYSE:VSCO)

Wellington Management Group LLP cut its position in Victoria’s Secret & Co. (NYSE:VSCO) by 44.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,339,600 shares of the company’s stock after selling 1,051,759 shares during the period. Wellington Management Group LLP owned approximately 1.73% of Victoria’s Secret & Co. worth $35,553,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Victoria’s Secret & Co. by 17.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,004,148 shares of the company’s stock valued at $16,749,000 after purchasing an additional 148,165 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $82,000. Invesco Ltd. lifted its position in Victoria’s Secret & Co. by 4.2% during the third quarter. Invesco Ltd. now owns 660,005 shares of the company’s stock valued at $11,009,000 after purchasing an additional 26,412 shares during the period. Dark Forest Capital Management LP bought a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $176,000. Finally, Teza Capital Management LLC bought a new position in Victoria’s Secret & Co. during the third quarter valued at approximately $299,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Victoria’s Secret & Co. from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Morgan Stanley downgraded shares of Victoria’s Secret & Co. from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $19.00 to $15.00 in a research report on Monday, May 6th. Wells Fargo & Company decreased their price target on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. BMO Capital Markets decreased their price target on shares of Victoria’s Secret & Co. from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Finally, Barclays increased their price target on shares of 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. Six investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Victoria’s Secret & Co. Stock Down 2.6 %

Shares of VSCO stock opened at $17.75 on Monday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.13 and a beta of 2.16. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $30.80. The company’s fifty day moving average price is $19.30 and its 200-day moving average price is $22.55. The company has a debt-to-equity ratio of 2.51, a current ratio of 0.97 and a quick ratio of 0.28.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. Victoria’s Secret & Co. had a net margin of 1.71% and a return on equity of 46.52%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts expect that Victoria’s Secret & Co. will post 1.72 EPS for the current fiscal year.

Victoria’s Secret & Co. Profile

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.