Legal & General Group Plc Sells 5,593 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Legal & General Group Plc lowered its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 215,529 shares of the company’s stock after selling 5,593 shares during the period. Legal & General Group Plc’s holdings in Victoria’s Secret & Co. were worth $8,927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 during the period. Pinpoint Asset Management Ltd bought a new position in shares of Victoria’s Secret & Co. during the fourth quarter worth $123,000. GAMMA Investing LLC grew its stake in Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock valued at $144,000 after acquiring an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $206,000. Finally, Commonwealth Equity Services LLC bought a new stake in Victoria’s Secret & Co. in the 4th quarter valued at $218,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

VSCO stock opened at $16.01 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 8.30, a P/E/G ratio of 1.15 and a beta of 2.26. Victoria’s Secret & Co. has a 12 month low of $13.76 and a 12 month high of $48.73. The company has a 50-day moving average price of $21.94 and a 200 day moving average price of $31.12. 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. (NYSE:VSCO) last released its 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 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 analysts’ expectations of $2.10 billion. Equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their price objective on Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating on the stock in a research note on Monday. BMO Capital Markets lowered their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. UBS Group cut their target price on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, Bank of America decreased 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 note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.09.

Insider Transactions at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were acquired at an average cost of $16.15 per share, for a total transaction of $3,431,875.00. Following the purchase, the insider now directly owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. The trade was a 2.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders acquired 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is currently owned by insiders.

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.