Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Cwm LLC

Cwm LLC decreased its position in Victoria’s Secret & Co. (NYSE:VSCO) by 50.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,965 shares of the company’s stock after selling 8,994 shares during the quarter. Cwm LLC’s holdings in Victoria’s Secret & Co. were worth $230,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VSCO. PNC Financial Services Group Inc. grew its position in shares of Victoria’s Secret & Co. by 5.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,203 shares of the company’s stock worth $297,000 after acquiring an additional 628 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Victoria’s Secret & Co. by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after acquiring an additional 715 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Victoria’s Secret & Co. by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock worth $696,000 after acquiring an additional 1,000 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Victoria’s Secret & Co. by 1.8% during the first quarter. Texas Permanent School Fund Corp now owns 67,770 shares of the company’s stock worth $1,313,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Victoria’s Secret & Co. by 8.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after acquiring an additional 1,280 shares during the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $29.37 on Wednesday. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $30.80. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The business has a fifty day moving average of $24.57 and a two-hundred day moving average of $20.78. The company has a market cap of $2.30 billion, a P/E ratio of 22.59 and a beta of 2.14.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, analysts predict that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VSCO. The Goldman Sachs Group raised their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Bank of America lifted their price objective on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. Barclays upgraded shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Wells Fargo & Company lifted their price objective on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley lifted their price objective on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average price target of $24.30.

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.