Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder Purchases $1,657,773.15 in Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc acquired 85,145 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of $19.47 per share, for a total transaction of $1,657,773.15. Following the completion of the acquisition, the insider now owns 9,389,805 shares of the company’s stock, valued at approximately $182,819,503.35. The trade was a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

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

Victoria’s Secret & Co. Price Performance

Shares of NYSE:VSCO opened at $18.32 on Monday. The company’s fifty day moving average price is $27.94 and its 200-day moving average price is $32.13. 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 firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.10 billion. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group lowered their target price 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. Bank of America dropped their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Telsey Advisory Group lowered their price target on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Finally, The Goldman Sachs Group cut their price objective on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research report on Monday, March 10th. Two investment 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 currently has a consensus rating of “Hold” and a consensus price target of $31.73.

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

Several institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in Victoria’s Secret & Co. in the third quarter worth approximately $27,000. CoreCap Advisors LLC lifted its holdings in shares of Victoria’s Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock worth $85,000 after acquiring an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Victoria’s Secret & Co. by 326.6% in the 4th 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 in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Victoria’s Secret & Co. in the 4th quarter worth $112,000. 90.29% of the stock is currently owned by institutional investors.

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.