Bank of New York Mellon Corp Has $11.34 Million Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Bank of New York Mellon Corp reduced its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 650,670 shares of the company’s stock after selling 90,856 shares during the quarter. Bank of New York Mellon Corp owned 0.84% of Victoria’s Secret & Co. worth $11,341,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its holdings in shares of Victoria’s Secret & Co. by 774.0% in the first quarter. Parkside Financial Bank & Trust now owns 638 shares of the company’s stock valued at $33,000 after purchasing an additional 565 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Victoria’s Secret & Co. by 26.7% in the second quarter. Captrust Financial Advisors now owns 1,561 shares of the company’s stock valued at $44,000 after purchasing an additional 329 shares during the last quarter. Quarry LP purchased a new stake in shares of Victoria’s Secret & Co. in the first quarter valued at about $46,000. MRP Capital Investments LLC purchased a new stake in shares of Victoria’s Secret & Co. in the second quarter valued at about $55,000. Finally, KBC Group NV bought a new position in shares of Victoria’s Secret & Co. in the second quarter valued at approximately $99,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Timothy A. Johnson bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $17.16 per share, with a total value of $343,200.00. Following the acquisition, the chief financial officer now owns 94,765 shares of the company’s stock, valued at approximately $1,626,167.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by insiders.

Victoria’s Secret & Co. Stock Down 2.7 %

VSCO opened at $20.35 on Friday. The company has a 50 day moving average of $17.50 and a 200 day moving average of $19.53. The company has a market cap of $1.57 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 0.93 and a beta of 1.81. Victoria’s Secret & Co. has a 12 month low of $13.62 and a 12 month high of $48.16. The company has a current ratio of 1.05, a quick ratio of 0.31 and a debt-to-equity ratio of 4.23.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Thursday, August 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Victoria’s Secret & Co. had a return on equity of 86.50% and a net margin of 3.19%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. On average, sell-side analysts expect that Victoria’s Secret & Co. will post 2.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Victoria’s Secret & Co. from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. Wells Fargo & Company downgraded shares of Victoria’s Secret & Co. from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $34.00 to $18.00 in a report on Thursday, August 31st. UBS Group cut their price target on shares of Victoria’s Secret & Co. from $16.00 to $15.00 and set a “sell” rating on the stock in a report on Friday, September 1st. Bank of America cut their price target on shares of Victoria’s Secret & Co. from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. Finally, BMO Capital Markets lowered their price target on shares of Victoria’s Secret & Co. from $25.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.58.

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.