Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Acquires 584,000 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc bought 584,000 shares of the stock in a transaction dated Friday, March 28th. The stock was purchased at an average price of $18.48 per share, with a total value of $10,792,320.00. Following the acquisition, the insider now owns 10,098,131 shares of the company’s stock, valued at $186,613,460.88. The trade was a 6.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major 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 26th, International Pte Ltd Bbrc acquired 85,145 shares of Victoria’s Secret & Co. stock. The stock was purchased at an average cost of $19.47 per share, with a total value of $1,657,773.15.
• On Wednesday, March 12th, International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average cost of $16.78 per share, for a total transaction of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc bought 542,000 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average cost of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Stock Performance

NYSE:VSCO opened at $18.27 on Wednesday. The business’s fifty day moving average is $27.16 and its 200 day moving average is $32.07. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.15 and a beta of 2.16. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. Victoria’s Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly 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. 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. Research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VSCO shares. BMO Capital Markets cut their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Bank of America reduced their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Telsey Advisory Group lowered their price objective 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. TD Cowen increased their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price target on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.73.

Institutional Trading of Victoria’s Secret & Co.

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtus Fund Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. during the 3rd quarter valued at $27,000. CoreCap Advisors LLC boosted its stake in Victoria’s Secret & Co. by 1,898.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares during the period. Smartleaf Asset Management LLC grew 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 buying an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $112,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.