Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Purchases 584,000 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc purchased 584,000 shares of the stock in a transaction dated Friday, March 28th. The stock was purchased at an average cost of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the purchase, the insider now directly owns 10,098,131 shares of the company’s stock, valued at approximately $186,613,460.88. The trade was a 6.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, March 26th, International Pte Ltd Bbrc acquired 85,145 shares of Victoria’s Secret & Co. stock. The stock was purchased at an average cost of $19.47 per share, with a total value of $1,657,773.15.
• On Wednesday, March 12th, International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock. The shares were acquired at an average cost of $16.78 per share, for a total transaction 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 price of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Trading Down 1.7 %

Victoria’s Secret & Co. stock traded down $0.31 during midday trading on Tuesday, reaching $18.27. 3,547,865 shares of the stock traded hands, compared to its average volume of 2,782,515. The firm has a market cap of $1.44 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a 50-day simple moving average of $27.57 and a two-hundred day simple moving average of $32.11. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73.

Victoria’s Secret & Co. (NYSE:VSCO) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating 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 firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Research analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on VSCO. Morgan Stanley lowered their price target on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group lowered their target price 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 cut their price target on Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Finally, TD Cowen upped their target price on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.73.

Institutional Trading of Victoria’s Secret & Co.

A number of large investors have recently modified their holdings of the stock. Virtus Fund Advisers LLC acquired a new position in Victoria’s Secret & Co. during the 3rd quarter worth $27,000. CoreCap Advisors LLC boosted its stake 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 valued at $85,000 after buying an additional 1,955 shares during the period. 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 buying an additional 1,682 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Victoria’s Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock worth $104,000 after buying an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $112,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

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.