International Pte Ltd Bbrc Acquires 542,000 Shares of Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the acquisition, the insider now directly owns 8,695,019 shares of the company’s stock, valued at approximately $150,597,729.08. This represents a 6.65 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Victoria’s Secret & Co. Trading Up 3.0 %

NYSE VSCO opened at $17.69 on Friday. The company has a market cap of $1.39 billion, a PE ratio of 9.16, a PEG ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 12 month low of $15.12 and a 12 month high of $48.73. The stock has a 50 day moving average of $31.81 and a 200-day moving average of $32.25. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCOGet Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) 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 business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. On average, equities research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VSCO shares. BMO Capital Markets cut their price objective 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 dropped their target price on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research report on Monday. Telsey Advisory Group decreased their price target on 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. UBS Group reduced 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 research note on Thursday, February 27th. Finally, Morgan Stanley cut their target price on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.73.

View Our Latest Analysis on VSCO

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake 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 acquiring an additional 1,636,602 shares during the period. Marshall Wace LLP raised its position in shares of 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 valued at $81,049,000 after purchasing an additional 1,620,256 shares during the period. Forest Avenue Capital Management LP bought a new position in shares of Victoria’s Secret & Co. in the third quarter valued at about $40,861,000. Point72 Hong Kong Ltd acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth about $37,693,000. Finally, SRS Investment Management LLC bought a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth about $37,011,000. 90.29% of the stock is currently owned by institutional investors.

About Victoria’s Secret & Co.

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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.

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