Bank of New York Mellon Corp Sells 33,401 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Bank of New York Mellon Corp lessened its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 535,187 shares of the company’s stock after selling 33,401 shares during the quarter. Bank of New York Mellon Corp owned 0.68% of Victoria’s Secret & Co. worth $22,167,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VSCO. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $252,000. Tandem Investment Advisors Inc. acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth about $229,000. Ieq Capital LLC acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth about $709,000. New York State Common Retirement Fund raised its stake in Victoria’s Secret & Co. by 4.4% during the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company’s stock worth $1,097,000 after acquiring an additional 1,117 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth about $311,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $16.79 on Tuesday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73. The stock’s 50 day moving average price is $33.25 and its two-hundred day moving average price is $32.51. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, equities analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen boosted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Bank of America reduced their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Barclays reduced their target price on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their target price on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, Morgan Stanley cut their price target on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.73.

About Victoria’s Secret & Co.

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.