International Pte Ltd Bbrc Purchases 85,145 Shares of Victoria’s Secret & Co. (NYSE:VSCO) Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the acquisition, the insider now directly owns 9,389,805 shares of the company’s stock, valued at approximately $182,819,503.35. This represents a 0.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, March 12th, International Pte Ltd Bbrc bought 80,328 shares of Victoria’s Secret & Co. stock. The stock was bought at an average cost of $16.78 per share, with a total value of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc purchased 542,000 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average cost of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Price Performance

NYSE:VSCO opened at $18.32 on Friday. Victoria’s Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.15 and a beta of 2.16. The stock’s 50 day moving average price is $27.94 and its two-hundred day moving average price is $32.05. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings results 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 return on equity of 44.74% and a net margin of 2.47%. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. On average, analysts anticipate that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Barclays cut their price target 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. Telsey Advisory Group decreased 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. JPMorgan Chase & Co. dropped their target price on Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Finally, TD Cowen raised their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.73.

Institutional Trading of Victoria’s Secret & Co.

A number of hedge funds have recently modified their holdings of VSCO. Intech Investment Management LLC bought a new position in Victoria’s Secret & Co. in the 3rd quarter valued at about $382,000. Charles Schwab Investment Management Inc. grew its position in shares of Victoria’s Secret & Co. by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company’s stock valued at $41,338,000 after purchasing an additional 76,858 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Victoria’s Secret & Co. by 1.0% during the third 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 holdings in Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Victoria’s Secret & Co. by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company’s stock valued at $1,173,000 after purchasing an additional 25,723 shares during the period. Institutional investors and hedge funds 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.