Bryce Point Capital LLC Purchases Shares of 31,062 Victoria’s Secret & Co. (NYSE:VSCO)

Bryce Point Capital LLC purchased a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,062 shares of the company’s stock, valued at approximately $1,287,000.

A number of other institutional investors have also modified their holdings of VSCO. Virtus Fund Advisers LLC purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter worth about $27,000. Smartleaf Asset Management LLC boosted its position in Victoria’s Secret & Co. by 326.6% in the 4th 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. GAMMA Investing LLC boosted its position in Victoria’s Secret & Co. by 10.3% in the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $206,000. Finally, Amundi increased its holdings in shares of Victoria’s Secret & Co. by 61.0% during the 4th quarter. Amundi now owns 5,549 shares of the company’s stock valued at $214,000 after purchasing an additional 2,103 shares in the last quarter. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

NYSE VSCO opened at $19.25 on Thursday. 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’s 50 day simple moving average is $26.77 and its 200-day simple moving average is $31.98. The company has a market cap of $1.51 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73.

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, 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

VSCO has been the topic of several analyst reports. Bank of America dropped their price target on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. Telsey Advisory Group dropped their target price on 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. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Wells Fargo & Company lowered their price target 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. Finally, UBS Group cut their price objective on 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. Two equities 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. According to data from MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and an average price target of $31.73.

Insider Transactions at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 584,000 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was acquired at an average cost of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the transaction, the insider now directly owns 10,098,131 shares of the company’s stock, valued at approximately $186,613,460.88. This trade represents a 6.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have acquired 1,291,473 shares of company stock valued at $23,185,437. Corporate insiders own 1.10% 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.