Wolverine Asset Management LLC Has $2.79 Million Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Wolverine Asset Management LLC lessened its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 42.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,324 shares of the company’s stock after selling 50,580 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.09% of Victoria’s Secret & Co. worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tandem Investment Advisors Inc. acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $229,000. Ieq Capital LLC acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $709,000. New York State Common Retirement Fund boosted its stake in Victoria’s Secret & Co. by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company’s stock valued at $1,097,000 after buying an additional 1,117 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $311,000. Finally, Principal Financial Group Inc. boosted its stake in Victoria’s Secret & Co. by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 381,419 shares of the company’s stock valued at $15,798,000 after buying an additional 11,909 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Down 5.0 %

VSCO stock opened at $27.87 on Friday. The business has a 50-day moving average of $37.41 and a 200-day moving average of $32.16. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The stock has a market capitalization of $2.19 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.17 and a beta of 2.11.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.12. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.86) earnings per share. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VSCO has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Victoria’s Secret & Co. from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Barclays upgraded Victoria’s Secret & Co. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $51.00 to $53.00 in a research report on Tuesday, January 28th. UBS Group upgraded Victoria’s Secret & Co. from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $18.00 to $47.00 in a research report on Tuesday, December 10th. BMO Capital Markets boosted their target price on Victoria’s Secret & Co. from $33.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Jefferies Financial Group boosted their target price on Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.36.

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.