Peregrine Capital Management LLC Has $7.08 Million Position in Victoria’s Secret & Co. (NYSE:VSCO)

Peregrine Capital Management LLC lessened its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,963 shares of the company’s stock after selling 40,762 shares during the period. Peregrine Capital Management LLC owned about 0.22% of Victoria’s Secret & Co. worth $7,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC lifted its stake in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Victoria’s Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Victoria’s Secret & Co. by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock worth $41,338,000 after purchasing an additional 76,858 shares during the period. Forest Avenue Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. during the third quarter worth approximately $40,861,000. Finally, Two Sigma Advisers LP grew its position in Victoria’s Secret & Co. by 172.0% during the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after purchasing an additional 318,099 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Trading Down 4.9 %

Shares of VSCO stock opened at $31.22 on Wednesday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The company has a market cap of $2.45 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.28 and a beta of 2.11. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The business’s 50 day moving average is $38.53 and its two-hundred day moving average is $32.12.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its earnings results on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.12. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Victoria’s Secret & Co.’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted ($0.86) EPS. Equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Wall Street Analyst Weigh In

VSCO has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of Victoria’s Secret & Co. from $33.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised Victoria’s Secret & Co. from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $29.00 to $45.00 in a research report on Monday, December 9th. Telsey Advisory Group dropped their target price on Victoria’s Secret & Co. from $50.00 to $40.00 and set a “market perform” rating on the stock in a research report on Thursday, January 30th. Bank of America cut their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group lowered their price target on Victoria’s Secret & Co. from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.36.

Victoria’s Secret & Co. 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.