Oppenheimer Asset Management Inc. reduced its stake in Victoria’s Secret & Co. (NYSE:VSCO – Free Report) by 85.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,444 shares of the company’s stock after selling 33,274 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Victoria’s Secret & Co. were worth $295,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of VSCO. Aster Capital Management DIFC Ltd acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $30,000. State of Wyoming acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $48,000. Quantbot Technologies LP acquired a new stake in Victoria’s Secret & Co. in the third quarter valued at $53,000. Flagship Harbor Advisors LLC acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at $70,000. Finally, Lazard Asset Management LLC raised its stake in Victoria’s Secret & Co. by 7.7% in the second quarter. Lazard Asset Management LLC now owns 7,258 shares of the company’s stock valued at $133,000 after buying an additional 521 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.
Victoria’s Secret & Co. Stock Down 7.8%
VSCO opened at $47.51 on Friday. The business’s 50-day simple moving average is $50.27 and its 200-day simple moving average is $49.99. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.54 and a current ratio of 1.25. Victoria’s Secret & Co. has a one year low of $17.53 and a one year high of $66.89. The stock has a market capitalization of $3.77 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 0.89 and a beta of 2.18.
Wall Street Analyst Weigh In
VSCO has been the topic of a number of analyst reports. Bank of America upgraded Victoria’s Secret & Co. from a “neutral” rating to a “buy” rating and raised their price target for the company from $58.00 to $68.00 in a research note on Wednesday, April 29th. The Goldman Sachs Group lifted their target price on Victoria’s Secret & Co. from $47.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Zacks Research upgraded Victoria’s Secret & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Victoria’s Secret & Co. in a research report on Thursday, March 5th. Finally, UBS Group set a $58.00 target price on Victoria’s Secret & Co. in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.80.
Read Our Latest Research Report on VSCO
Insider Buying and Selling
In other Victoria’s Secret & Co. news, Director Donna James acquired 2,175 shares of the stock in a transaction on Thursday, April 2nd. The shares were bought at an average price of $46.23 per share, with a total value of $100,550.25. Following the acquisition, the director owned 63,097 shares of the company’s stock, valued at $2,916,974.31. This trade represents a 3.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne Sheehan purchased 4,842 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average cost of $45.86 per share, for a total transaction of $222,054.12. Following the purchase, the director directly owned 34,261 shares in the company, valued at approximately $1,571,209.46. This represents a 16.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.45% of the stock is currently owned by insiders.
About Victoria’s Secret & Co.
Victoria’s Secret & Co is a leading designer, manufacturer and marketer of intimate apparel, beauty products and accessories for women. The company operates a portfolio of brands that includes Victoria’s Secret, renowned for its lingerie, bras and sleepwear; PINK, a line targeting younger consumers with activewear and lifestyle products; and Victoria’s Secret Beauty, offering fragrances, cosmetics and personal care items. Products are sold through retail stores as well as direct-to-consumer channels, including e-commerce platforms and mobile applications.
The origins of Victoria’s Secret date back to 1977, when founders Roy and Gaye Raymond opened the first store in San Francisco.
Read More
Want to see what other hedge funds are holding VSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Victoria’s Secret & Co. (NYSE:VSCO – Free Report).
Receive News & Ratings for Victoria's Secret & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Victoria's Secret & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
