Sterling Capital Management LLC Acquires 33,600 Shares of Victoria’s Secret & Co. (NYSE:VSCO)

Sterling Capital Management LLC grew its holdings in Victoria’s Secret & Co. (NYSE:VSCO) by 14,672.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,829 shares of the company’s stock after acquiring an additional 33,600 shares during the period. Sterling Capital Management LLC’s holdings in Victoria’s Secret & Co. were worth $1,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. XTX Topco Ltd purchased a new position in Victoria’s Secret & Co. during the third quarter valued at $412,000. Geode Capital Management LLC raised its stake in shares of Victoria’s Secret & Co. by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company’s stock worth $46,121,000 after buying an additional 24,967 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Victoria’s Secret & Co. by 3.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company’s stock valued at $1,314,000 after buying an additional 1,617 shares in the last quarter. Castellan Group bought a new position in shares of Victoria’s Secret & Co. during the 3rd quarter valued at approximately $6,218,000. Finally, GAMMA Investing LLC increased its holdings in Victoria’s Secret & Co. by 10.3% in the 4th 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. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Stock Performance

Shares of NYSE:VSCO opened at $16.27 on Tuesday. The firm has a fifty day simple moving average of $22.96 and a two-hundred day simple moving average of $31.40. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The stock has a market capitalization of $1.28 billion, a P/E ratio of 8.43, a PEG ratio of 1.15 and a beta of 2.26.

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

Wall Street Analysts Forecast Growth

VSCO has been the topic of several analyst reports. Telsey Advisory Group lowered their price target on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Morgan Stanley lowered their price objective on Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. BMO Capital Markets cut their target price 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. JPMorgan Chase & Co. lowered their price target on Victoria’s Secret & Co. from $35.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday. Finally, UBS Group cut their price objective on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.09.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc purchased 85,145 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of $19.47 per share, with a total value of $1,657,773.15. Following the purchase, the insider now owns 9,389,805 shares in the company, valued at approximately $182,819,503.35. This trade represents a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by insiders.

Victoria’s Secret & Co. 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.