Farther Finance Advisors LLC Has $254,000 Position in Victoria’s Secret & Co. (NYSE:VSCO)

Farther Finance Advisors LLC reduced its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,128 shares of the company’s stock after selling 827 shares during the quarter. Farther Finance Advisors LLC’s holdings in Victoria’s Secret & Co. were worth $254,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the third quarter worth $27,000. Smartleaf Asset Management LLC raised its stake in Victoria’s Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after acquiring an additional 1,682 shares in the last quarter. GAMMA Investing LLC raised its stake in Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after acquiring an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Victoria’s Secret & Co. during the fourth quarter worth $206,000. Finally, Amundi raised its stake in Victoria’s Secret & Co. by 61.0% during the fourth quarter. Amundi now owns 5,549 shares of the company’s stock worth $214,000 after acquiring an additional 2,103 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VSCO shares. The Goldman Sachs Group decreased their target price on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a report on Monday, March 10th. UBS Group decreased their target price on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. TD Cowen increased their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Morgan Stanley decreased their target price 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. Finally, Telsey Advisory Group decreased their target price on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and a consensus target price of $31.73.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $20.39 on Wednesday. The business’s 50-day simple moving average is $30.58 and its 200 day simple moving average is $32.27. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. 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. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. As a group, research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock in a transaction on Wednesday, March 12th. The shares were purchased 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 owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

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.