Handelsbanken Fonder AB Sells 4,600 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Handelsbanken Fonder AB reduced its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 20.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 17,542 shares of the company’s stock after selling 4,600 shares during the quarter. Handelsbanken Fonder AB’s holdings in Victoria’s Secret & Co. were worth $466,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. CWM LLC boosted its stake in shares of Victoria’s Secret & Co. by 126.8% during the third quarter. CWM LLC now owns 1,635 shares of the company’s stock valued at $27,000 after purchasing an additional 914 shares in the last quarter. Systematic Alpha Investments LLC bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $58,000. NBC Securities Inc. bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $74,000. DekaBank Deutsche Girozentrale bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $82,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Victoria’s Secret & Co. during the third quarter valued at approximately $176,000. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Trading Down 0.9 %

Shares of Victoria’s Secret & Co. stock opened at $17.47 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.34. The firm has a fifty day moving average price of $20.47 and a 200 day moving average price of $22.69. Victoria’s Secret & Co. has a 1 year low of $13.62 and a 1 year high of $30.80. The stock has a market cap of $1.36 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.13 and a beta of 2.07.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, March 6th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.12. Victoria’s Secret & Co. had a net margin of 1.77% and a return on equity of 56.40%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Equities research analysts predict that Victoria’s Secret & Co. will post 1.67 earnings per share for the current year.

Analysts Set New Price Targets

VSCO has been the topic of a number of recent research reports. Telsey Advisory Group dropped their price objective on shares of Victoria’s Secret & Co. from $29.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Bank of America reissued an “underperform” rating and set a $15.00 target price (down previously from $34.00) on shares of Victoria’s Secret & Co. in a research report on Friday, March 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $15.00 target price (down previously from $22.00) on shares of Victoria’s Secret & Co. in a research report on Thursday, March 7th. Wells Fargo & Company decreased their target price on shares of Victoria’s Secret & Co. from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group assumed coverage on shares of Victoria’s Secret & Co. in a research report on Thursday, April 25th. They set a “sell” rating and a $14.00 target price for the company. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average price target of $21.27.

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.