Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder Buys $3,431,875.00 in Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of $16.15 per share, with a total value of $3,431,875.00. Following the transaction, the insider now directly owns 10,310,631 shares of the company’s stock, valued at $166,516,690.65. The trade was a 2.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Large 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 Friday, March 28th, International Pte Ltd Bbrc bought 584,000 shares of Victoria’s Secret & Co. stock. The stock was purchased at an average cost of $18.48 per share, with a total value of $10,792,320.00.
• On Wednesday, March 26th, International Pte Ltd Bbrc purchased 85,145 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average cost of $19.47 per share, for a total transaction of $1,657,773.15.
• On Wednesday, March 12th, International Pte Ltd Bbrc acquired 80,328 shares of Victoria’s Secret & Co. stock. The shares were acquired 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 bought 542,000 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average cost of $17.32 per share, for a total transaction of $9,387,440.00.

Victoria’s Secret & Co. Stock Performance

Victoria’s Secret & Co. stock opened at $17.24 on Tuesday. The stock has a 50-day simple moving average of $25.48 and a 200 day simple moving average of $31.85. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 1.15 and a beta of 2.26. 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 12-month low of $13.76 and a 12-month high of $48.73.

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. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. On average, research analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in shares of 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 period. Marshall Wace LLP increased its position in Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after purchasing an additional 1,620,256 shares during the period. Point72 Hong Kong Ltd bought a new stake in Victoria’s Secret & Co. during the 4th quarter worth about $37,693,000. SRS Investment Management LLC acquired a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $37,011,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $24,940,000. Institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. BMO Capital Markets cut 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 report on Thursday, March 6th. JPMorgan Chase & Co. lowered their price target on 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. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.73.

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.