Victoria’s Secret & Co. (NYSE:VSCO) Shares Acquired by Amundi

Amundi lifted its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 61.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,549 shares of the company’s stock after buying an additional 2,103 shares during the quarter. Amundi’s holdings in Victoria’s Secret & Co. were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Victoria’s Secret & Co. by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock valued at $67,562,000 after purchasing an additional 22,684 shares in the last quarter. Wakefield Asset Management LLLP acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at approximately $991,000. Forest Avenue Capital Management LP acquired a new position in Victoria’s Secret & Co. in the third quarter valued at approximately $40,861,000. FengHe Fund Management Pte. Ltd. acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at approximately $2,435,000. Finally, Oliver Luxxe Assets LLC acquired a new position in Victoria’s Secret & Co. in the fourth quarter valued at approximately $1,963,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on VSCO. BMO Capital Markets lowered their price target on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group lowered their price target on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. UBS Group decreased their price objective on 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, TD Cowen increased their price objective on 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.73.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $21.01 on Friday. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The business has a 50 day simple moving average of $29.57 and a 200-day simple moving average of $32.11. The stock has a market capitalization of $1.65 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Equities analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Transactions at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the purchase, the insider now directly owns 9,255,347 shares of the company’s stock, valued at $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.