KLP Kapitalforvaltning AS Invests $617,000 in Victoria’s Secret & Co. (NYSE:VSCO)

KLP Kapitalforvaltning AS acquired a new position in shares of Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,900 shares of the company’s stock, valued at approximately $617,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VSCO. Intech Investment Management LLC purchased a new stake in Victoria’s Secret & Co. in the 3rd quarter valued at approximately $382,000. The Manufacturers Life Insurance Company raised its holdings in shares of Victoria’s Secret & Co. by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after purchasing an additional 412 shares during the period. FMR LLC lifted its position in Victoria’s Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Victoria’s Secret & Co. by 129.1% during the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock worth $1,173,000 after purchasing an additional 25,723 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Victoria’s Secret & Co. in the third quarter valued at $3,021,000. 90.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now owns 9,255,347 shares in the company, valued at $155,304,722.66. The trade was a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 1,291,473 shares of company stock valued at $23,185,437 in the last ninety days. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VSCO. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. UBS Group dropped their price target on 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. Telsey Advisory Group cut their price objective on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. Barclays decreased their price target on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, TD Cowen lifted their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.73.

Victoria’s Secret & Co. Stock Up 4.8 %

Shares of VSCO opened at $19.25 on Thursday. The firm’s 50 day moving average is $26.77 and its 200-day moving average is $31.98. The stock has a market capitalization of $1.51 billion, a PE ratio of 9.97, a P/E/G 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. 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 issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 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. Equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

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.