International Pte Ltd Bbrc Acquires 212,500 Shares of Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc bought 212,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the transaction, the insider now owns 10,310,631 shares of the company’s stock, valued at $166,516,690.65. The trade was a 2.10 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, March 28th, International Pte Ltd Bbrc purchased 584,000 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average cost of $18.48 per share, for a total transaction of $10,792,320.00.
• On Wednesday, March 26th, International Pte Ltd Bbrc acquired 85,145 shares of Victoria’s Secret & Co. stock. The stock was acquired 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 purchased 80,328 shares of Victoria’s Secret & Co. stock. The stock was acquired 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 acquired 542,000 shares of Victoria’s Secret & Co. stock. The shares were bought at an average cost of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Stock Up 13.2 %

Shares of NYSE:VSCO opened at $16.83 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company has a 50 day moving average of $25.88 and a two-hundred day moving average of $31.87. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

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

Analysts Set New Price Targets

VSCO has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, March 7th. BMO Capital Markets reduced their target price on 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. Morgan Stanley dropped 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 note on Friday, March 7th. Telsey Advisory Group cut their price objective on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Finally, Bank of America dropped their target price 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average target price of $31.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 22,684 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 58,981 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at $7,373,000. Wakefield Asset Management LLLP bought a new position in Victoria’s Secret & Co. during the 4th quarter valued at $991,000. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in Victoria’s Secret & Co. during the 4th quarter worth $2,435,000. Hedge funds and other 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.