Arena Capital Advisors LLC CA Sells 6,067 Shares of Victoria’s Secret & Co. $VSCO

Arena Capital Advisors LLC CA decreased its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 23.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,000 shares of the company’s stock after selling 6,067 shares during the period. Victoria’s Secret & Co. makes up approximately 0.5% of Arena Capital Advisors LLC CA’s holdings, making the stock its 6th largest holding. Arena Capital Advisors LLC CA’s holdings in Victoria’s Secret & Co. were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barington Capital Group L.P. raised its position in shares of Victoria’s Secret & Co. by 255.1% in the second quarter. Barington Capital Group L.P. now owns 838,886 shares of the company’s stock valued at $15,536,000 after purchasing an additional 602,670 shares during the period. Quadrature Capital Ltd bought a new position in Victoria’s Secret & Co. in the 2nd quarter valued at about $710,000. Scotia Capital Inc. acquired a new stake in Victoria’s Secret & Co. during the second quarter worth approximately $371,000. Hsbc Holdings PLC lifted its position in Victoria’s Secret & Co. by 28.2% during the second quarter. Hsbc Holdings PLC now owns 36,061 shares of the company’s stock worth $682,000 after acquiring an additional 7,942 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Victoria’s Secret & Co. during the second quarter worth approximately $1,793,000. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $43.99 on Tuesday. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 24.44 and a beta of 2.24. Victoria’s Secret & Co. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 1.14. The stock has a fifty day moving average price of $32.92 and a 200-day moving average price of $25.57.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VSCO shares. Jefferies Financial Group lowered their target price on Victoria’s Secret & Co. from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Victoria’s Secret & Co. in a research report on Thursday, October 30th. Wells Fargo & Company boosted their target price on shares of Victoria’s Secret & Co. from $14.00 to $17.00 and gave the company an “underweight” rating in a research report on Friday, August 29th. Telsey Advisory Group upped their price target on shares of Victoria’s Secret & Co. from $24.00 to $29.00 and gave the company a “market perform” rating in a research note on Wednesday, October 1st. Finally, UBS Group reiterated a “buy” rating on shares of Victoria’s Secret & Co. in a research note on Monday, November 24th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus price target of $31.73.

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.