Prudential Financial Inc. Acquires 1,360 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Prudential Financial Inc. boosted its stake in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,460 shares of the company’s stock after purchasing an additional 1,360 shares during the quarter. Prudential Financial Inc. owned about 0.10% of Victoria’s Secret & Co. worth $3,415,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. during the 3rd quarter worth about $27,000. Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 1,682 shares during the period. GAMMA Investing LLC lifted its position in Victoria’s Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after acquiring an additional 326 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Victoria’s Secret & Co. during the fourth quarter worth approximately $206,000. Finally, Amundi grew its position in shares of Victoria’s Secret & Co. by 61.0% in the fourth quarter. Amundi now owns 5,549 shares of the company’s stock valued at $214,000 after purchasing an additional 2,103 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria’s Secret & Co. Stock Down 1.7 %

Shares of VSCO opened at $18.27 on Wednesday. The firm has a 50 day simple moving average of $27.16 and a two-hundred day simple moving average of $32.07. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The company has a market cap of $1.44 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.15 and a beta of 2.16.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly 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 return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling at Victoria’s Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc bought 85,145 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were purchased at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the purchase, the insider now owns 9,389,805 shares in the company, valued at $182,819,503.35. This represents a 0.92 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 1,291,473 shares of company stock worth $23,185,437 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VSCO. BMO Capital Markets dropped their price target 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. UBS Group reduced their target price on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Bank of America cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a report on Thursday, January 30th. Finally, TD Cowen raised their target price on shares of Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Victoria’s Secret & Co. has an average rating of “Hold” and a consensus price target 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.