Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Acquires 85,145 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of $19.47 per share, for a total transaction of $1,657,773.15. Following the purchase, the insider now directly owns 9,389,805 shares in the company, valued at $182,819,503.35. This trade represents a 0.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large 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 Wednesday, March 12th, International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average price of $16.78 per share, with a total value of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc purchased 542,000 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average price of $17.32 per share, for a total transaction of $9,387,440.00.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO stock opened at $18.32 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 9.49, a PEG ratio of 1.15 and a beta of 2.16. The business has a 50 day moving average of $27.94 and a two-hundred day moving average of $31.98. Victoria’s Secret & Co. has a 52 week low of $15.12 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 data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

Several institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter worth approximately $27,000. CoreCap Advisors LLC boosted its position in Victoria’s Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after acquiring an additional 1,955 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock worth $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Victoria’s Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Victoria’s Secret & Co. during the fourth quarter valued at $112,000. Institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

VSCO has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Morgan Stanley cut their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group cut their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a research note on Monday, March 10th. Finally, TD Cowen lifted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Two 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.73.

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.