Massachusetts Financial Services Co. MA Sells 44,722 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Massachusetts Financial Services Co. MA lowered its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 55.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,016 shares of the company’s stock after selling 44,722 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Victoria’s Secret & Co. were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Victoria’s Secret & Co. by 102.0% in the second quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock valued at $47,864,000 after acquiring an additional 1,368,103 shares during the period. Marshall Wace LLP grew its position in shares of Victoria’s Secret & Co. by 1,218.1% during the 2nd quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after purchasing an additional 571,295 shares in the last quarter. Lombard Odier Asset Management USA Corp grew its position in shares of Victoria’s Secret & Co. by 102.3% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock valued at $204,000 after purchasing an additional 511,573 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Victoria’s Secret & Co. by 16.1% in the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after purchasing an additional 258,059 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Victoria’s Secret & Co. in the second quarter worth $2,486,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $38.00 on Thursday. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $2.98 billion, a PE ratio of 22.24 and a beta of 2.10. The firm has a fifty day simple moving average of $29.79 and a two-hundred day simple moving average of $23.61. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $39.39.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a return on equity of 44.06% and a net margin of 2.25%. Research analysts expect that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

Analyst Upgrades and Downgrades

VSCO has been the topic of a number of research analyst reports. Morgan Stanley upped their target price 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. TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. BMO Capital Markets raised their price objective on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group upped their target price on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.60.

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.