Wealthfront Advisers LLC Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Wealthfront Advisers LLC acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 28,632 shares of the company’s stock, valued at approximately $1,186,000.

Other institutional investors also recently bought and sold shares of the company. Virtus Fund Advisers LLC purchased a new position in shares of Victoria’s Secret & Co. in the third quarter valued at $27,000. Smartleaf Asset Management LLC boosted 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 valued at $92,000 after purchasing an additional 1,682 shares during the period. GAMMA Investing LLC boosted its stake 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. Crossmark Global Holdings Inc. purchased a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at $206,000. Finally, Amundi boosted its stake in shares of Victoria’s Secret & Co. by 61.0% in the fourth quarter. Amundi now owns 5,549 shares of the company’s stock valued at $214,000 after purchasing an additional 2,103 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Performance

Shares of VSCO opened at $18.55 on Friday. The firm has a 50-day moving average price of $31.34 and a 200 day moving average price of $32.27. The firm has a market capitalization of $1.46 billion, a PE ratio of 9.61, a P/E/G ratio of 1.15 and a beta of 2.16. 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. has a 52-week low of $15.12 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. On average, sell-side analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Activity

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of Victoria’s Secret & Co. stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the transaction, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

VSCO has been the subject of several analyst reports. Barclays decreased their target price on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company cut their price target on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a 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. UBS Group cut their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Finally, TD Cowen upped their price target on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus price target 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.