Corient Private Wealth LLC Sells 10,933 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Corient Private Wealth LLC reduced its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 39.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,833 shares of the company’s stock after selling 10,933 shares during the quarter. Corient Private Wealth LLC’s holdings in Victoria’s Secret & Co. were worth $697,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VSCO. Charles Schwab Investment Management Inc. lifted its holdings in Victoria’s Secret & Co. by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock worth $67,562,000 after acquiring an additional 22,684 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at about $7,373,000. Wakefield Asset Management LLLP acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $991,000. FengHe Fund Management Pte. Ltd. acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $2,435,000. Finally, Oliver Luxxe Assets LLC bought a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $1,963,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Price Performance

NYSE:VSCO opened at $18.32 on Friday. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.15 and a beta of 2.16. The stock’s 50 day moving average price is $27.94 and its two-hundred day moving average price is $31.98. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

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

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the acquisition, the insider now directly owns 8,695,019 shares in the company, valued at $150,597,729.08. This represents a 6.65 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders purchased 707,473 shares of company stock valued at $12,393,117. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. reduced their target price on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Telsey Advisory Group dropped their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their price objective on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. Finally, Cowen reaffirmed a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus target price of $31.73.

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.