Barington Capital Group L.P. Sells 100,000 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Barington Capital Group L.P. trimmed its position in Victoria’s Secret & Co. (NYSE:VSCO) by 66.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 50,000 shares of the company’s stock after selling 100,000 shares during the period. Victoria’s Secret & Co. comprises approximately 1.0% of Barington Capital Group L.P.’s holdings, making the stock its 12th largest holding. Barington Capital Group L.P.’s holdings in Victoria’s Secret & Co. were worth $884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VSCO. The Manufacturers Life Insurance Company lifted its stake in shares of Victoria’s Secret & Co. by 234.9% during the second quarter. The Manufacturers Life Insurance Company now owns 41,577 shares of the company’s stock valued at $735,000 after acquiring an additional 29,161 shares during the period. Dark Forest Capital Management LP bought a new stake in Victoria’s Secret & Co. during the 2nd quarter worth about $589,000. AQR Capital Management LLC lifted its position in Victoria’s Secret & Co. by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after purchasing an additional 1,368,103 shares during the period. AXA S.A. acquired a new position in Victoria’s Secret & Co. during the 2nd quarter valued at about $2,178,000. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Victoria’s Secret & Co. in the 2nd quarter valued at about $408,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Telsey Advisory Group increased their price objective on shares of Victoria’s Secret & Co. from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Thursday, August 29th. BMO Capital Markets increased their price target on Victoria’s Secret & Co. from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Morgan Stanley lifted their price objective on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, TD Cowen boosted their target price 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. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.60.

Victoria’s Secret & Co. Trading Up 0.9 %

NYSE VSCO opened at $26.04 on Friday. Victoria’s Secret & Co. has a one year low of $13.62 and a one year high of $30.80. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market cap of $2.04 billion, a P/E ratio of 20.03 and a beta of 2.13. The stock’s 50-day moving average is $22.05 and its 200-day moving average is $19.97.

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

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.