Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Buys 80,328 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the purchase, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 10th, International Pte Ltd Bbrc acquired 542,000 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average price of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Trading Up 5.1 %

VSCO opened at $18.55 on Friday. Victoria’s Secret & Co. has a one year low of $15.12 and a one year high of $48.73. The stock has a market capitalization of $1.46 billion, a PE ratio of 9.61, a P/E/G ratio of 1.15 and a beta of 2.16. The business’s 50 day moving average price is $31.34 and its 200 day moving average price is $32.21. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria’s Secret & Co. (NYSE:VSCO) last released 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. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. As a group, equities research analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in 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 valued at $369,793,000 after acquiring an additional 58,981 shares during the last quarter. FMR LLC lifted its stake in Victoria’s Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company’s stock worth $165,188,000 after purchasing an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Victoria’s Secret & Co. by 7.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after purchasing an additional 137,074 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Victoria’s Secret & Co. by 8.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,035,460 shares of the company’s stock worth $84,309,000 after purchasing an additional 156,979 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Victoria’s Secret & Co. by 481.5% during 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 in the last quarter. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TD Cowen boosted their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. The Goldman Sachs Group cut their price objective on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a research note on Monday, March 10th. Cowen reiterated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. 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 research report on Thursday, March 6th. Finally, Telsey Advisory Group dropped their price target on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and a consensus price target of $31.73.

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.