Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,400 shares of the company’s stock after selling 25,200 shares during the period. Swiss National Bank owned about 0.23% of Victoria’s Secret & Co. worth $5,990,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VSCO. BlackRock Inc. lifted its stake in Victoria’s Secret & Co. by 13.8% during the 3rd quarter. BlackRock Inc. now owns 6,894,503 shares of the company’s stock worth $200,768,000 after acquiring an additional 837,450 shares in the last quarter. Norges Bank purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $23,634,000. UBS Group AG increased its holdings in Victoria’s Secret & Co. by 125.9% during the 1st quarter. UBS Group AG now owns 1,092,606 shares of the company’s stock worth $56,116,000 after purchasing an additional 609,003 shares during the period. Lodge Hill Capital LLC purchased a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $12,165,000. Finally, National Bank of Canada FI increased its holdings in Victoria’s Secret & Co. by 551,639.3% during the 1st quarter. National Bank of Canada FI now owns 336,561 shares of the company’s stock worth $11,494,000 after purchasing an additional 336,500 shares during the period. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 2.6 %

NYSE:VSCO opened at $17.56 on Tuesday. The stock’s 50 day moving average price is $19.28 and its 200 day moving average price is $26.23. The company has a market capitalization of $1.35 billion, a PE ratio of 5.44, a P/E/G ratio of 0.78 and a beta of 1.86. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 4.43. Victoria’s Secret & Co. has a 52-week low of $16.78 and a 52-week high of $48.16.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Thursday, June 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.26). The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Victoria’s Secret & Co. had a return on equity of 112.91% and a net margin of 4.28%. During the same quarter in the prior year, the business earned $1.11 EPS. On average, research analysts anticipate that Victoria’s Secret & Co. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VSCO. Wells Fargo & Company cut their price target on Victoria’s Secret & Co. from $55.00 to $34.00 in a report on Friday, June 2nd. Bank of America cut their price target on Victoria’s Secret & Co. from $50.00 to $30.00 in a report on Thursday, June 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 price objective on shares of Victoria’s Secret & Co. in a report on Friday. BMO Capital Markets dropped their price objective on Victoria’s Secret & Co. from $53.00 to $25.00 in a report on Thursday, June 1st. Finally, Jefferies Financial Group dropped their price objective on Victoria’s Secret & Co. from $50.00 to $39.00 in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.58.

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 intimate apparel, bras, panties, lingerie, sleepwear, loungewear, athletic attire, swimwear, and sport and swim products, as well as beauty products, including fine fragrance, mists, and PINK Beauty products and accessories under the Victoria's Secret, PINK, Victoria's Secret Beauty, and Adore Me brands.