Victoria’s Secret & Co. (NYSE:VSCO) Position Trimmed by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,128 shares of the company’s stock after selling 827 shares during the quarter. Farther Finance Advisors LLC’s holdings in Victoria’s Secret & Co. were worth $254,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in VSCO. Oppenheimer Asset Management Inc. acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at about $360,000. Intech Investment Management LLC acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at about $382,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Victoria’s Secret & Co. by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after buying an additional 76,858 shares during the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter valued at about $794,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Victoria’s Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after buying an additional 412 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VSCO shares. Wells Fargo & Company reduced their price target on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group reduced their target price on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. reduced their target price on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. UBS Group reduced their target price on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, Morgan Stanley reduced their target price on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus price target of $31.73.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE VSCO opened at $20.39 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The business’s 50 day moving average is $30.58 and its two-hundred day moving average is $32.27. The company has a market cap of $1.60 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, equities analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the transaction, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. This trade represents a 6.65 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

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.