American Century Companies Inc. Purchases 29,298 Shares of Victoria's Secret & Co. (NYSE:VSCO)

American Century Companies Inc. increased its position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,606 shares of the company's stock after buying an additional 29,298 shares during the quarter. American Century Companies Inc. owned 0.26% of Victoria's Secret & Co. worth $8,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Victoria's Secret & Co. by 146.1% in the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock worth $70,856,000 after buying an additional 1,636,602 shares during the period. Geode Capital Management LLC increased its position in Victoria's Secret & Co. by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after purchasing an additional 24,967 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Victoria's Secret & Co. by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after purchasing an additional 22,684 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Victoria's Secret & Co. by 172.0% in the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock worth $12,927,000 after purchasing an additional 318,099 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Victoria's Secret & Co. by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 381,419 shares of the company's stock valued at $15,798,000 after purchasing an additional 11,909 shares in the last quarter. 90.29% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. 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 for the company in a research note on Friday, March 7th. The Goldman Sachs Group lowered their target price on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a research note on Monday, March 10th. Wells Fargo & Company reduced their price target on 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. JPMorgan Chase & Co. lowered their price objective on Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Finally, UBS Group reduced 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 report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.73.

Victoria's Secret & Co. Stock Down 2.5 %

VSCO stock traded down $0.43 during trading on Tuesday, hitting $16.78. 5,024,622 shares of the stock traded hands, compared to its average volume of 2,872,407. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The firm's 50 day moving average is $24.67 and its two-hundred day moving average is $31.68.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.10 billion. On average, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc bought 212,500 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the acquisition, the insider now owns 10,310,631 shares of the company's stock, valued at $166,516,690.65. This trade represents a 2.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 1,503,973 shares of company stock valued at $26,617,312. Corporate insiders own 1.10% of the company's stock.

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.