International Pte Ltd Bbrc Buys 542,000 Shares of Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc bought 542,000 shares of Victoria’s Secret & Co. stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the completion of the purchase, the insider now owns 8,695,019 shares in the company, valued at approximately $150,597,729.08. The trade was a 6.65 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Victoria’s Secret & Co. Price Performance

Shares of VSCO stock traded up $0.97 during trading hours on Wednesday, hitting $17.22. The company had a trading volume of 9,569,997 shares, compared to its average volume of 3,001,896. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The firm’s fifty day moving average is $32.75 and its 200 day moving average is $32.46.

Victoria’s Secret & Co. (NYSE:VSCO) last posted 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. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. On average, sell-side analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Institutional Trading of Victoria’s Secret & Co.

A number of institutional investors and hedge funds have recently modified their holdings of VSCO. GAMMA Investing LLC raised its holdings in Victoria’s Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after purchasing an additional 326 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Victoria’s Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after purchasing an additional 412 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in shares of Victoria’s Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock worth $322,000 after buying an additional 477 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Victoria’s Secret & Co. by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,211 shares of the company’s stock valued at $340,000 after purchasing an additional 522 shares in the last quarter. Finally, Mariner LLC increased its stake in Victoria’s Secret & Co. by 3.0% in the 4th quarter. Mariner LLC now owns 19,307 shares of the company’s stock valued at $800,000 after buying an additional 569 shares during the last quarter. 90.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VSCO has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group decreased their target price on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research note on Monday. Telsey Advisory Group dropped their price target 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. TD Cowen increased their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on shares of Victoria’s Secret & Co. from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target 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.