Vanguard Group Inc. Acquires 58,981 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Vanguard Group Inc. lifted its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,927,889 shares of the company’s stock after buying an additional 58,981 shares during the quarter. Vanguard Group Inc. owned about 11.36% of Victoria’s Secret & Co. worth $369,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Victoria’s Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock valued at $1,079,000 after buying an additional 412 shares in the last quarter. Picton Mahoney Asset Management increased its position in shares of Victoria’s Secret & Co. by 6.5% during the fourth quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock valued at $322,000 after buying an additional 477 shares during the period. Virtus Fund Advisers LLC bought a new stake in shares of Victoria’s Secret & Co. during the third quarter valued at about $27,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Victoria’s Secret & Co. by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 26,478 shares of the company’s stock worth $1,097,000 after buying an additional 1,117 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

Victoria’s Secret & Co. Trading Up 4.8 %

VSCO stock opened at $19.25 on Thursday. 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 capitalization of $1.51 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company’s 50 day moving average price is $26.77 and its two-hundred day moving average price is $31.98. 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 announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (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, analysts predict that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Victoria’s Secret & Co.

In other Victoria’s Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of Victoria’s Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have bought 1,291,473 shares of company stock worth $23,185,437. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VSCO. Morgan Stanley decreased their target price on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research report on Friday, March 7th. The Goldman Sachs Group decreased their target price on Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating on the stock in a research note on Monday, March 10th. Finally, Barclays decreased their price objective on shares of Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Victoria’s Secret & Co. has a consensus rating of “Hold” and an average target price 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.