Massachusetts Financial Services Co. MA Decreases Stock Holdings in Victoria’s Secret & Co. (NYSE:VSCO)

Massachusetts Financial Services Co. MA reduced its position in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 55.4% in the third quarter, HoldingsChannel.com reports. The firm owned 36,016 shares of the company’s stock after selling 44,722 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Victoria’s Secret & Co. were worth $926,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SummerHaven Investment Management LLC lifted its holdings in Victoria’s Secret & Co. by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,538 shares of the company’s stock worth $663,000 after buying an additional 715 shares during the period. Farther Finance Advisors LLC boosted its holdings in Victoria’s Secret & Co. by 13.6% in the third quarter. Farther Finance Advisors LLC now owns 6,955 shares of the company’s stock valued at $179,000 after acquiring an additional 835 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Victoria’s Secret & Co. by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,400 shares of the company’s stock valued at $696,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Victoria’s Secret & Co. by 8.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,615 shares of the company’s stock worth $294,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Victoria’s Secret & Co. by 741.4% in the 3rd quarter. Blue Trust Inc. now owns 1,708 shares of the company’s stock worth $44,000 after purchasing an additional 1,505 shares during the period. 90.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VSCO shares. Jefferies Financial Group boosted their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley boosted their target price on shares of Victoria’s Secret & Co. from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. The Goldman Sachs Group upped their price target on Victoria’s Secret & Co. from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 30th. Bank of America lifted their price target on Victoria’s Secret & Co. from $18.00 to $21.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Finally, Barclays raised shares of Victoria’s Secret & Co. from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $25.00 in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.60.

Victoria’s Secret & Co. Price Performance

Shares of VSCO stock opened at $38.00 on Thursday. The stock has a 50 day moving average price of $29.79 and a 200 day moving average price of $23.61. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $39.39. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.31 and a current ratio of 1.00. The firm has a market capitalization of $2.98 billion, a P/E ratio of 22.24 and a beta of 2.10.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its earnings results on Wednesday, August 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. Victoria’s Secret & Co. had a net margin of 2.25% and a return on equity of 44.06%. As a group, sell-side analysts predict that Victoria’s Secret & Co. will post 2.01 earnings per share for the current 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.