HAP Trading LLC Makes New $923,000 Investment in Victoria's Secret & Co. (NYSE:VSCO)

HAP Trading LLC acquired a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,293 shares of the company's stock, valued at approximately $923,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Victoria's Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock worth $369,793,000 after purchasing an additional 58,981 shares during the last quarter. FMR LLC boosted its holdings in Victoria's Secret & Co. by 44.7% during the fourth quarter. FMR LLC now owns 3,988,122 shares of the company's stock worth $165,188,000 after buying an additional 1,231,090 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Victoria's Secret & Co. by 7.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company's stock worth $85,168,000 after buying an additional 137,074 shares during the period. Marshall Wace LLP increased its stake in shares of Victoria's Secret & Co. by 481.5% in the 4th quarter. Marshall Wace LLP now owns 1,956,760 shares of the company's stock valued at $81,049,000 after acquiring an additional 1,620,256 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Victoria's Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after acquiring an additional 24,967 shares during the last quarter. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VSCO shares. Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. The Goldman Sachs Group dropped their price objective on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a research note on Tuesday. BMO Capital Markets decreased 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 note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company decreased their price objective on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.73.

Victoria's Secret & Co. Stock Performance

Shares of VSCO traded up $0.84 during midday trading on Wednesday, reaching $18.14. The stock had a trading volume of 1,871,899 shares, compared to its average volume of 2,929,386. The firm has a market cap of $1.43 billion, a PE ratio of 9.40, a P/E/G ratio of 1.15 and a beta of 2.26. The firm has a 50 day simple moving average of $20.99 and a 200-day simple moving average of $31.00. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. 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. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. As a group, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Transactions at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the purchase, the insider now directly owns 10,310,631 shares in the company, valued at approximately $166,516,690.65. The trade was a 2.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have bought 1,503,973 shares of company stock worth $26,617,312. Company insiders own 1.10% of the company's stock.

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.