12 West Capital Management LP Buys Shares of 422,962 Victoria's Secret & Co. (NYSE:VSCO)

12 West Capital Management LP acquired a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 422,962 shares of the company's stock, valued at approximately $17,519,000. Victoria's Secret & Co. accounts for 1.8% of 12 West Capital Management LP's investment portfolio, making the stock its 13th largest position. 12 West Capital Management LP owned about 0.54% of Victoria's Secret & Co. at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Victoria's Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after buying an additional 58,981 shares during the period. FMR LLC boosted its position in shares of Victoria's Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after purchasing an additional 1,231,090 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Victoria's Secret & Co. by 7.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock worth $85,168,000 after purchasing an additional 137,074 shares during the period. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 24,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Victoria's Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after buying an additional 22,684 shares in the last quarter. 90.29% of the stock is owned by institutional investors.

Insider Activity

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the purchase, the insider now owns 8,695,019 shares of the company's stock, valued at $150,597,729.08. This represents a 6.65 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 1,503,973 shares of company stock valued at $26,617,312 in the last 90 days. Insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Stock Performance

Shares of NYSE:VSCO traded up $0.39 during midday trading on Friday, reaching $16.01. The company had a trading volume of 2,550,245 shares, compared to its average volume of 2,917,028. Victoria's Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The company's 50 day moving average price is $21.94 and its 200 day moving average price is $31.12. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The stock has a market cap of $1.26 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its 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. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VSCO has been the topic of several research analyst reports. UBS Group cut their target price on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut 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. Bank of America lowered their target price 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. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Finally, 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 report on Thursday, March 6th. Two 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.09.

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.