Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Acquires 85,145 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc acquired 85,145 shares of Victoria’s Secret & Co. stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the acquisition, the insider now owns 9,389,805 shares of the company’s stock, valued at approximately $182,819,503.35. This trade represents a 0.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Wednesday, March 12th, International Pte Ltd Bbrc purchased 80,328 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc acquired 542,000 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average price of $17.32 per share, for a total transaction of $9,387,440.00.

Victoria’s Secret & Co. Trading Down 6.0 %

VSCO traded down $1.18 during trading on Friday, hitting $18.32. The company’s stock had a trading volume of 3,930,272 shares, compared to its average volume of 2,776,126. The firm has a market capitalization of $1.44 billion, a P/E ratio of 9.49, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The stock’s fifty day moving average price is $28.31 and its 200-day moving average price is $32.02. 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. (NYSE:VSCO) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Hedge Funds Weigh In On Victoria’s Secret & Co.

A number of large investors have recently modified their holdings of the company. FMR LLC increased its stake in Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after purchasing an additional 1,636,602 shares in the last quarter. Marshall Wace LLP lifted its position in Victoria’s Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after acquiring an additional 1,620,256 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $37,693,000. SRS Investment Management LLC bought a new stake in Victoria’s Secret & Co. during the 4th quarter worth approximately $37,011,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Victoria’s Secret & Co. in the fourth quarter valued at approximately $24,940,000. 90.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on VSCO. 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. JPMorgan Chase & Co. decreased their target price on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. BMO Capital Markets dropped their price target on shares of 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. Barclays cut their price target on 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. Finally, Wells Fargo & Company lowered their price objective on 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 issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.