Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder Buys $1,657,773.15 in Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc bought 85,145 shares of the stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the purchase, the insider now owns 9,389,805 shares of the company’s stock, valued at $182,819,503.35. This represents a 0.92 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Wednesday, March 12th, International Pte Ltd Bbrc acquired 80,328 shares of Victoria’s Secret & Co. stock. The stock was bought at an average price of $16.78 per share, with a total value of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc bought 542,000 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average price of $17.32 per share, for a total transaction of $9,387,440.00.

Victoria’s Secret & Co. Stock Down 6.0 %

VSCO stock traded down $1.18 during mid-day trading on Friday, reaching $18.32. The company had a trading volume of 3,930,272 shares, compared to its average volume of 2,776,126. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 week high of $48.73. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.15 and a beta of 2.16. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The stock has a 50 day simple moving average of $28.31 and a two-hundred day simple moving average of $32.02.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations 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, equities analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VSCO shares. TD Cowen raised their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Barclays reduced their price target on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. UBS Group lowered their price objective 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, BMO Capital Markets dropped their target price on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.73.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $27,000. CoreCap Advisors LLC lifted its holdings in Victoria’s Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 1,682 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Victoria’s Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at about $112,000. Institutional investors own 90.29% of the company’s stock.

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.