International Pte Ltd Bbrc Acquires 80,328 Shares of Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the purchase, the insider now owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, March 10th, International Pte Ltd Bbrc acquired 542,000 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average cost of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Price Performance

Shares of NYSE VSCO opened at $18.55 on Friday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a 50 day simple moving average of $31.34 and a two-hundred day simple moving average of $32.27. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.61, a P/E/G 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. (NYSE:VSCO) last posted 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. 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 analysts’ expectations of $2.10 billion. Analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

A number of institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter valued at approximately $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Victoria’s Secret & Co. by 33.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,355 shares of the company’s stock valued at $6,435,000 after buying an additional 38,820 shares during the last quarter. Tremblant Capital Group boosted its holdings in Victoria’s Secret & Co. by 137.1% in the fourth quarter. Tremblant Capital Group now owns 550,135 shares of the company’s stock worth $22,787,000 after purchasing an additional 318,080 shares during the last quarter. State of Wyoming boosted its holdings in Victoria’s Secret & Co. by 173.2% in the fourth quarter. State of Wyoming now owns 6,245 shares of the company’s stock worth $259,000 after purchasing an additional 3,959 shares during the last quarter. Finally, Shellback Capital LP purchased a new stake in Victoria’s Secret & Co. in the fourth quarter worth approximately $3,728,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several recent analyst reports. BMO Capital Markets lowered their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. 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. Telsey Advisory Group decreased their price target on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, March 6th. Barclays decreased their price target on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their price target 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Victoria’s Secret & Co. presently has a consensus rating of “Hold” and an average target price 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.