Cerity Partners LLC Sells 2,176 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Cerity Partners LLC lessened its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 7.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,777 shares of the company’s stock after selling 2,176 shares during the quarter. Cerity Partners LLC’s holdings in Victoria’s Secret & Co. were worth $714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Victoria’s Secret & Co. by 102.0% during the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after purchasing an additional 1,368,103 shares during the last quarter. Marshall Wace LLP boosted its position in Victoria’s Secret & Co. by 1,218.1% during the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock worth $10,924,000 after buying an additional 571,295 shares during the period. Lombard Odier Asset Management USA Corp grew its holdings in Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after acquiring an additional 511,573 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Victoria’s Secret & Co. by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after acquiring an additional 258,059 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $2,486,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $48.02 on Friday. The firm has a 50 day moving average of $31.87 and a 200-day moving average of $24.51. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 26.77 and a beta of 2.19. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.70.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share for the quarter, beating the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.86) earnings per share. On average, equities analysts forecast that Victoria’s Secret & Co. will post 2.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. The Goldman Sachs Group lifted their target price on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $40.00 price target on shares of Victoria’s Secret & Co. in a research note on Friday. TD Cowen raised their price objective on Victoria’s Secret & Co. from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, UBS Group upped their target price on Victoria’s Secret & Co. from $13.00 to $18.00 and gave the company a “sell” rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.64.

Victoria’s Secret & Co. Company 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.