Victoria’s Secret & Co. (NYSE:VSCO) Position Cut by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,899 shares of the company’s stock after selling 406 shares during the period. Sequoia Financial Advisors LLC’s holdings in Victoria’s Secret & Co. were worth $691,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC boosted its stake 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. Victory Capital Management Inc. raised its holdings in shares of Victoria’s Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock valued at $32,834,000 after buying an additional 258,059 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Victoria’s Secret & Co. by 13.5% during the second quarter. Dimensional Fund Advisors LP now owns 917,017 shares of the company’s stock worth $16,206,000 after buying an additional 109,013 shares during the period. Bank of New York Mellon Corp grew its holdings in Victoria’s Secret & Co. by 16.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock worth $11,529,000 after buying an additional 91,712 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Victoria’s Secret & Co. by 1,218.1% in the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after acquiring an additional 571,295 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VSCO. Morgan Stanley boosted their price target on Victoria’s Secret & Co. from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price objective 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. Bank of America increased their target price on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research report on Friday, August 30th. BMO Capital Markets boosted their price target on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 price objective on shares of Victoria’s Secret & Co. in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.30.

Victoria’s Secret & Co. Stock Down 0.7 %

NYSE VSCO opened at $28.38 on Friday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $30.80. The company has a market capitalization of $2.22 billion, a P/E ratio of 21.83 and a beta of 2.14. The company’s 50 day simple moving average is $25.09 and its 200 day simple moving average is $21.04. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Equities research analysts expect that Victoria’s Secret & Co. will post 1.96 earnings per share for the current fiscal year.

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.