Thrivent Financial for Lutherans Decreases Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Thrivent Financial for Lutherans lowered its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,488 shares of the company’s stock after selling 3,503 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Victoria’s Secret & Co. worth $1,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in Victoria’s Secret & Co. by 102.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,708,766 shares of the company’s stock worth $47,864,000 after buying an additional 1,368,103 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Victoria’s Secret & Co. by 1,218.1% in the second quarter. Marshall Wace LLP now owns 618,195 shares of the company’s stock valued at $10,924,000 after acquiring an additional 571,295 shares in the last quarter. Lombard Odier Asset Management USA Corp boosted its stake in shares of Victoria’s Secret & Co. by 102.3% in the second quarter. Lombard Odier Asset Management USA Corp now owns 11,573 shares of the company’s stock worth $204,000 after acquiring an additional 511,573 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Victoria’s Secret & Co. by 16.1% during the second quarter. Victory Capital Management Inc. now owns 1,858,150 shares of the company’s stock worth $32,834,000 after purchasing an additional 258,059 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Victoria’s Secret & Co. in the 2nd quarter valued at $2,486,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $38.87 on Friday. The company’s 50-day moving average is $30.29 and its two-hundred day moving average is $23.81. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $39.39. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.00 and a quick ratio of 0.31. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 22.58 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.41 billion. Analysts forecast that Victoria’s Secret & Co. will post 2.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VSCO shares. Telsey Advisory Group lifted their target price on shares of Victoria’s Secret & Co. from $27.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday. Bank of America boosted their price target on shares of Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their price objective on shares of Victoria’s Secret & Co. from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 30th. BMO Capital Markets raised their target price on shares of Victoria’s Secret & Co. from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.60.

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.