Rhumbline Advisers Cuts Stake in Victoria’s Secret & Co. (NYSE:VSCO)

Rhumbline Advisers lessened its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,593 shares of the company’s stock after selling 1,916 shares during the quarter. Rhumbline Advisers owned 0.30% of Victoria’s Secret & Co. worth $9,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VSCO. Forest Avenue Capital Management LP purchased a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $40,861,000. Oliver Luxxe Assets LLC purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at $1,963,000. MetLife Investment Management LLC increased its holdings in Victoria’s Secret & Co. by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after buying an additional 25,723 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Victoria’s Secret & Co. by 31,597.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 91,290 shares of the company’s stock worth $3,690,000 after buying an additional 91,002 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Victoria’s Secret & Co. in the 3rd quarter worth about $412,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 2.5 %

Shares of VSCO stock opened at $28.65 on Tuesday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company’s fifty day moving average price is $37.07 and its 200-day moving average price is $32.43. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.15 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.62) by $0.12. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned ($0.86) earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

VSCO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and raised their price target for the company from $29.00 to $45.00 in a report on Monday, December 9th. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $51.00 to $53.00 in a research note on Tuesday, January 28th. Jefferies Financial Group lifted their price objective on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America lowered 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. Finally, BMO Capital Markets boosted their price target on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $42.36.

Victoria’s Secret & Co. 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.