Victoria’s Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Acquires 85,145 Shares

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc bought 85,145 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of $19.47 per share, for a total transaction of $1,657,773.15. Following the acquisition, the insider now owns 9,389,805 shares of the company’s stock, valued at $182,819,503.35. This represents a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major 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 Wednesday, March 12th, International Pte Ltd Bbrc purchased 80,328 shares of Victoria’s Secret & Co. stock. The shares were purchased at an average price of $16.78 per share, for a total transaction of $1,347,903.84.
• 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 price of $17.32 per share, with a total value of $9,387,440.00.

Victoria’s Secret & Co. Trading Down 6.0 %

Victoria’s Secret & Co. stock opened at $18.32 on Friday. Victoria’s Secret & Co. has a 52 week low of $15.12 and a 52 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 $1.44 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.15 and a beta of 2.16. The company has a 50 day moving average price of $27.94 and a 200 day moving average price of $31.98.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its 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 business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. 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 have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Victoria’s Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company’s stock valued at $70,856,000 after buying an additional 1,636,602 shares during the period. Marshall Wace LLP boosted its position in Victoria’s Secret & Co. by 481.5% during the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock valued at $81,049,000 after purchasing an additional 1,620,256 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $37,693,000. SRS Investment Management LLC purchased a new position in Victoria’s Secret & Co. in the fourth quarter valued at about $37,011,000. Finally, Point72 Asset Management L.P. acquired a new position in Victoria’s Secret & Co. in the 4th quarter worth about $24,940,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Telsey Advisory Group dropped 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 research report on Thursday, March 6th. Wells Fargo & Company lowered 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 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. Morgan Stanley decreased their price target on shares of 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. Finally, TD Cowen increased their price objective on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.