Royce & Associates LP Sells 30,090 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Royce & Associates LP trimmed its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 11.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,467 shares of the company’s stock after selling 30,090 shares during the period. Royce & Associates LP owned approximately 0.29% of Victoria’s Secret & Co. worth $5,820,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Natixis raised its stake in Victoria’s Secret & Co. by 1,100,000.0% during the first quarter. Natixis now owns 275,025 shares of the company’s stock worth $5,330,000 after acquiring an additional 275,000 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Victoria’s Secret & Co. during the 2nd quarter worth approximately $589,000. Aristeia Capital L.L.C. bought a new position in Victoria’s Secret & Co. in the 2nd quarter valued at approximately $1,171,000. Alpha DNA Investment Management LLC acquired a new stake in Victoria’s Secret & Co. in the second quarter valued at approximately $408,000. Finally, Bank of New York Mellon Corp boosted its position in Victoria’s Secret & Co. by 16.4% in the second quarter. Bank of New York Mellon Corp now owns 652,439 shares of the company’s stock valued at $11,529,000 after buying an additional 91,712 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analysts Set New Price Targets

VSCO has been the subject of a number of research reports. Barclays upgraded Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $23.00 to $25.00 in a research note on Wednesday, September 18th. Bank of America lifted their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Wells Fargo & Company upped their price objective on Victoria’s Secret & Co. from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. BMO Capital Markets lifted 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 report on Thursday, October 17th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $27.00 price target on shares of Victoria’s Secret & Co. in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average price target of $26.30.

Victoria’s Secret & Co. Stock Down 0.3 %

Shares of NYSE VSCO opened at $36.58 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 1.00 and a debt-to-equity ratio of 2.27. The firm has a market cap of $2.87 billion, a PE ratio of 21.27 and a beta of 2.10. The company’s fifty day simple moving average is $28.14 and its 200 day simple moving average is $22.84. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $37.72.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its 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 return on equity of 44.06% and a net margin of 2.25%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. As a group, sell-side analysts forecast that Victoria’s Secret & Co. will post 1.98 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

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.