Insider Buying: Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder Buys 80,328 Shares of Stock

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc acquired 80,328 shares of Victoria’s Secret & Co. stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the purchase, the insider now owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 10th, International Pte Ltd Bbrc acquired 542,000 shares of Victoria’s Secret & Co. stock. The stock was 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

Victoria’s Secret & Co. stock opened at $18.55 on Monday. The firm has a 50-day moving average price of $31.34 and a 200-day moving average price of $32.32. The firm has a market capitalization of $1.46 billion, a PE ratio of 9.61, a price-to-earnings-growth 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 released its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, equities research analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Investors Weigh In On Victoria’s Secret & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtus Fund Advisers LLC bought a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at about $27,000. CoreCap Advisors LLC lifted its holdings in Victoria’s Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after buying an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Victoria’s Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after buying an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Victoria’s Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after buying an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Victoria’s Secret & Co. during the 4th quarter valued at about $112,000. Institutional investors own 90.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VSCO shares. UBS Group reduced 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 research note on Thursday, February 27th. Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Barclays cut their target price on shares of 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, Bank of America cut their target price on shares of Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research note on Thursday, January 30th. Two research 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. has an average rating of “Hold” and a consensus 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.