Counterpoint Mutual Funds LLC Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

Counterpoint Mutual Funds LLC bought a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,561 shares of the company’s stock, valued at approximately $1,390,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in Victoria’s Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in Victoria’s Secret & Co. during the third quarter worth about $40,861,000. Two Sigma Advisers LP grew its position in Victoria’s Secret & Co. by 172.0% in the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock worth $12,927,000 after purchasing an additional 318,099 shares in the last quarter. Castellan Group purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at about $6,218,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Victoria’s Secret & Co. in the 4th quarter worth approximately $7,373,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Insider Buying and Selling

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the completion of the acquisition, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This represents a 6.65 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $18.55 on Monday. The firm has a fifty day simple moving average of $31.34 and a two-hundred day simple moving average of $32.32. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company 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.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Research analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

VSCO has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. TD Cowen raised their price objective on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. JPMorgan Chase & Co. lowered 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 report on Thursday, March 6th. Finally, BMO Capital Markets decreased their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and a consensus target price 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.