Northern Trust Corp decreased its holdings in Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 863,872 shares of the company’s stock after selling 32,402 shares during the quarter. Northern Trust Corp owned approximately 1.10% of Victoria’s Secret & Co. worth $16,051,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. increased its holdings in Victoria’s Secret & Co. by 141,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company’s stock worth $52,000 after purchasing an additional 2,820 shares during the last quarter. Allworth Financial LP grew its position in shares of Victoria’s Secret & Co. by 677.4% during the first quarter. Allworth Financial LP now owns 3,063 shares of the company’s stock worth $57,000 after buying an additional 2,669 shares in the last quarter. KBC Group NV increased its stake in shares of Victoria’s Secret & Co. by 40.8% in the first quarter. KBC Group NV now owns 3,904 shares of the company’s stock worth $73,000 after buying an additional 1,132 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after buying an additional 1,955 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Victoria’s Secret & Co. by 107.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,093 shares of the company’s stock valued at $91,000 after acquiring an additional 2,634 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.
Victoria’s Secret & Co. Trading Down 2.7%
Shares of NYSE VSCO opened at $22.40 on Wednesday. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.26 and a beta of 2.20. The company has a current ratio of 1.16, a quick ratio of 0.33 and a debt-to-equity ratio of 1.60. The stock’s 50 day simple moving average is $20.69 and its 200 day simple moving average is $20.65.
Wall Street Analyst Weigh In
Several brokerages have weighed in on VSCO. The Goldman Sachs Group raised their price objective on shares of Victoria’s Secret & Co. from $16.00 to $18.00 and gave the stock a “sell” rating in a report on Friday, August 29th. Zacks Research upgraded Victoria’s Secret & Co. to a “hold” rating in a research note on Monday, August 11th. UBS Group upped their price objective on Victoria’s Secret & Co. from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company increased their target price on Victoria’s Secret & Co. from $14.00 to $17.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Jefferies Financial Group lowered their price target on Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.45.
Read Our Latest Stock Analysis on VSCO
Victoria’s Secret & Co. Company 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.
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