Sterling Capital Management LLC Acquires 33,600 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Sterling Capital Management LLC raised its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 14,672.5% in the 4th quarter, Holdings Channel reports. The firm owned 33,829 shares of the company’s stock after purchasing an additional 33,600 shares during the quarter. Sterling Capital Management LLC’s holdings in Victoria’s Secret & Co. were worth $1,401,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at about $412,000. Geode Capital Management LLC increased its position in shares of Victoria’s Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after acquiring an additional 24,967 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Victoria’s Secret & Co. by 3.3% during the third quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock valued at $1,314,000 after acquiring an additional 1,617 shares in the last quarter. Castellan Group purchased a new stake in shares of Victoria’s Secret & Co. in the third quarter valued at approximately $6,218,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Victoria’s Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after purchasing an additional 326 shares during the period. 90.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the company’s 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 acquisition, the insider now directly owns 9,255,347 shares of the company’s stock, valued at $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 1,503,973 shares of company stock worth $26,617,312 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Victoria’s Secret & Co. Price Performance

NYSE VSCO opened at $16.27 on Tuesday. The firm’s fifty day simple moving average is $22.96 and its two-hundred day simple moving average is $31.40. The firm has a market capitalization of $1.28 billion, a P/E ratio of 8.43, a P/E/G ratio of 1.15 and a beta of 2.26. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

VSCO has been the subject of a number of research analyst reports. Bank of America decreased their target price on 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. Barclays decreased their price objective on 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. The Goldman Sachs Group dropped 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 report on Monday, March 10th. Morgan Stanley reduced their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.09.

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.