Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 18.4% during the third quarter, HoldingsChannel.com reports. The fund owned 116,535 shares of the company’s stock after selling 26,247 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Victoria’s Secret & Co. were worth $2,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VSCO. Blue Trust Inc. raised its position in Victoria’s Secret & Co. by 741.4% in the third quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock valued at $44,000 after purchasing an additional 1,505 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Victoria’s Secret & Co. during the 2nd quarter valued at about $50,000. Quarry LP lifted its position in Victoria’s Secret & Co. by 126.6% during the 2nd quarter. Quarry LP now owns 3,157 shares of the company’s stock worth $56,000 after acquiring an additional 1,764 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Victoria’s Secret & Co. by 109.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,160 shares of the company’s stock worth $81,000 after acquiring an additional 1,652 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at approximately $92,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Up 4.1 %

VSCO opened at $48.72 on Friday. The company has a market capitalization of $3.83 billion, a P/E ratio of 25.24, a P/E/G ratio of 2.79 and a beta of 2.19. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.31. The firm’s fifty day moving average price is $34.55 and its two-hundred day moving average price is $25.62. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.86) earnings per share. On average, analysts anticipate that Victoria’s Secret & Co. will post 2.31 EPS for the current year.

Wall Street Analysts Forecast Growth

VSCO has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 30th. 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. Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $23.00 to $25.00 in a research report on Wednesday, September 18th. UBS Group upgraded shares of Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $47.00 in a research note on Tuesday. Finally, BMO Capital Markets boosted their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.73.

About Victoria’s Secret & Co.

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.