178,006 Shares in Victoria’s Secret & Co. (NYSE:VSCO) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 178,006 shares of the company’s stock, valued at approximately $7,373,000.

Other hedge funds have also recently bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the 3rd quarter worth $27,000. Smartleaf Asset Management LLC grew its stake in 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 worth $92,000 after purchasing an additional 1,682 shares in the last quarter. GAMMA Investing LLC increased 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 valued at $144,000 after buying an additional 326 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Victoria’s Secret & Co. during the fourth quarter valued at approximately $206,000. Finally, Tandem Investment Advisors Inc. bought a new stake in shares of Victoria’s Secret & Co. in the 4th quarter valued at approximately $229,000. Institutional investors and hedge funds own 90.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Telsey Advisory Group dropped their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. BMO Capital Markets decreased their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Wells Fargo & Company dropped their price target on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Finally, UBS Group dropped their target price on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus target price of $31.73.

Victoria’s Secret & Co. Stock Performance

VSCO stock opened at $21.01 on Monday. The company has a 50-day simple moving average of $29.57 and a 200 day simple moving average of $32.23. The company has a market capitalization of $1.65 billion, a P/E ratio of 10.89, a PEG 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 fifty-two week low of $15.12 and a fifty-two week high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping 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 company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. Sell-side analysts predict 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 purchased 80,328 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the transaction, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.