ExodusPoint Capital Management LP Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

ExodusPoint Capital Management LP acquired a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 131,275 shares of the company’s stock, valued at approximately $5,437,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Victoria’s Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock worth $369,793,000 after purchasing an additional 58,981 shares in the last quarter. FMR LLC raised its holdings in shares of Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after buying an additional 1,636,602 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Victoria’s Secret & Co. by 7.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after buying an additional 137,074 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Victoria’s Secret & Co. by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after buying an additional 24,967 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Victoria’s Secret & Co. by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock valued at $67,562,000 after buying an additional 22,684 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Up 13.2 %

NYSE VSCO opened at $16.83 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The stock has a fifty day moving average of $25.88 and a 200-day moving average of $31.87.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 44.74% and a net margin of 2.47%. On average, equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Insider Activity at Victoria’s Secret & Co.

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. Insiders have acquired 1,503,973 shares of company stock worth $26,617,312 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several recent analyst reports. Bank of America dropped their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. UBS Group dropped their target price 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. Telsey Advisory Group reduced their price target 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. 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 for the company in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their target price on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.