Cramer Rosenthal Mcglynn LLC Reduces Stake in Victoria’s Secret & Co. (NYSE:VSCO)

Cramer Rosenthal Mcglynn LLC reduced its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 59.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 534,897 shares of the company’s stock after selling 778,359 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.68% of Victoria’s Secret & Co. worth $22,155,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after buying an additional 800 shares during the last quarter. Pinpoint Asset Management Ltd purchased a new position in shares of Victoria’s Secret & Co. during the 4th quarter valued at $123,000. GAMMA Investing LLC grew 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 acquiring an additional 326 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in Victoria’s Secret & Co. in the 4th quarter worth about $206,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average cost of $16.15 per share, with a total value of $3,431,875.00. Following the acquisition, the insider now owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. This represents a 2.10 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 1,503,973 shares of company stock worth $26,617,312. Corporate insiders own 1.10% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $16.01 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.15 and a beta of 2.26. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The business has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $31.12. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, research analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Bank of America dropped their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research note on Thursday, January 30th. The Goldman Sachs Group reduced their price objective on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research note on Monday, March 10th. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. Finally, Morgan Stanley reduced their price target on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.09.

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.