Oxford Financial Group LTD. LLC Invests $384,000 in Victoria’s Secret & Co. (NYSE:VSCO)

Oxford Financial Group LTD. LLC bought a new stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 9,279 shares of the company’s stock, valued at approximately $384,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its holdings in shares of Victoria’s Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after purchasing an additional 1,636,602 shares during the period. Forest Avenue Capital Management LP acquired a new position in Victoria’s Secret & Co. during the 3rd quarter worth approximately $40,861,000. Two Sigma Advisers LP raised its stake in Victoria’s Secret & Co. by 172.0% during the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock worth $12,927,000 after buying an additional 318,099 shares during the period. Castellan Group bought a new position in Victoria’s Secret & Co. in the third quarter worth approximately $6,218,000. Finally, Raymond James Financial Inc. acquired a new stake in Victoria’s Secret & Co. in the fourth quarter valued at approximately $7,373,000. 90.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Victoria’s Secret & Co. Trading Down 3.4 %

NYSE VSCO opened at $21.01 on Friday. The business’s fifty day moving average is $29.57 and its 200-day moving average is $32.11. 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 market capitalization of $1.65 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share 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. Equities research analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America cut their target price on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. BMO Capital Markets dropped their price objective on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Barclays decreased 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 research report on Friday, March 7th. UBS Group dropped their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Finally, TD Cowen boosted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Two equities 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 company has an average rating of “Hold” and a consensus 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.