Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in Victoria’s Secret & Co. (NYSE:VSCO) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 135,392 shares of the company’s stock after selling 35,369 shares during the quarter. Sei Investments Co.’s holdings in Victoria’s Secret & Co. were worth $5,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Virtus Fund Advisers LLC purchased a new position in Victoria’s Secret & Co. during the third quarter worth about $27,000. Smartleaf Asset Management LLC raised its stake in shares of Victoria’s Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after buying an additional 1,682 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Victoria’s Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after buying an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $206,000. Finally, Amundi boosted its stake in shares of Victoria’s Secret & Co. by 61.0% in the fourth quarter. Amundi now owns 5,549 shares of the company’s stock valued at $214,000 after buying an additional 2,103 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.

Insider Activity

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the acquisition, the insider now directly owns 9,255,347 shares of the company’s stock, valued at $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 1,291,473 shares of company stock valued at $23,185,437 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VSCO shares. Barclays cut their price objective on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Bank of America reduced their price objective on shares of 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. Telsey Advisory Group lowered their target price on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday, March 6th. UBS Group reduced their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Finally, Morgan Stanley lowered their price target on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $31.73.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $18.27 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The business has a fifty day moving average of $27.16 and a 200-day moving average of $32.07. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

About Victoria’s Secret & Co.

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.