Mitsubishi UFJ Trust & Banking Corp Has $2.32 Million Stock Position in Victoria’s Secret & Co. (NYSE:VSCO)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 38.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,089 shares of the company’s stock after selling 34,402 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Victoria’s Secret & Co. worth $2,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VSCO. Vanguard Group Inc. increased its holdings in shares of Victoria’s Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock worth $369,793,000 after acquiring an additional 58,981 shares in the last quarter. FMR LLC grew its position 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 purchasing an additional 1,636,602 shares during the period. Geode Capital Management LLC increased its stake in Victoria’s Secret & Co. by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after purchasing an additional 24,967 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Victoria’s Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company’s stock worth $67,562,000 after buying an additional 22,684 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in Victoria’s Secret & Co. by 172.0% in the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company’s stock valued at $12,927,000 after buying an additional 318,099 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VSCO. Barclays lowered their price objective on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Telsey Advisory Group dropped 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 research note on Thursday, March 6th. Morgan Stanley decreased their price objective on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating for the company in a report 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 on the stock in a research note on Thursday, March 6th. Finally, UBS Group decreased their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. 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 stock. Based on data from MarketBeat.com, Victoria’s Secret & Co. presently has an average rating of “Hold” and a consensus price target of $31.73.

Victoria’s Secret & Co. Price Performance

NYSE:VSCO opened at $18.59 on Tuesday. The stock has a market capitalization of $1.46 billion, a PE ratio of 9.63, a P/E/G ratio of 1.15 and a beta of 2.16. Victoria’s Secret & Co. has a 1-year low of $15.12 and a 1-year high of $48.73. The firm has a fifty day simple moving average of $27.57 and a 200 day simple moving average of $32.11. 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:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. On average, research analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of Victoria’s Secret & Co. stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the completion of the transaction, the insider now directly owns 8,695,019 shares in the company, valued at $150,597,729.08. This trade represents a 6.65 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 707,473 shares of company stock valued at $12,393,117 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Victoria’s Secret & Co. 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.