Bryce Point Capital LLC Takes $1.29 Million Position in Victoria’s Secret & Co. (NYSE:VSCO)

Bryce Point Capital LLC acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,062 shares of the company’s stock, valued at approximately $1,287,000.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Victoria’s Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after buying 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 worth $1,079,000 after acquiring an additional 412 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in Victoria’s Secret & Co. by 6.5% during the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company’s stock worth $322,000 after acquiring an additional 477 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in Victoria’s Secret & Co. during the 3rd quarter valued at about $27,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Victoria’s Secret & Co. by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company’s stock valued at $1,097,000 after purchasing an additional 1,117 shares in the last quarter. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Victoria’s Secret & Co. Price Performance

Shares of VSCO stock opened at $19.25 on Thursday. Victoria’s Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.15 and a beta of 2.16. The stock’s 50-day simple moving average is $26.77 and its 200-day simple moving average is $31.98.

Victoria’s Secret & Co. (NYSE:VSCO) last released its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. As a group, equities analysts forecast that Victoria’s Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VSCO shares. The Goldman Sachs Group dropped their price objective on shares of 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. Telsey Advisory Group dropped their target price on Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday, March 6th. BMO Capital Markets reduced 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. Bank of America dropped their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating on the stock in a research report on Thursday, January 30th. Finally, TD Cowen lifted their target price 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 assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Victoria’s Secret & Co. currently has a consensus rating of “Hold” and an average target price 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.