Arrowstreet Capital Limited Partnership Raises Stock Holdings in Victoria's Secret & Co. (NYSE:VSCO)

Arrowstreet Capital Limited Partnership increased its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,056,206 shares of the company's stock after purchasing an additional 137,074 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 2.62% of Victoria's Secret & Co. worth $85,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in VSCO. Charles Schwab Investment Management Inc. lifted 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 buying an additional 22,684 shares during the period. Vanguard Group Inc. raised its holdings in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Victoria's Secret & Co. in the 4th quarter worth about $7,373,000. Wakefield Asset Management LLLP bought a new stake in shares of Victoria's Secret & Co. during the 4th quarter valued at about $991,000. Finally, FengHe Fund Management Pte. Ltd. bought a new position in Victoria's Secret & Co. in the fourth quarter worth about $2,435,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on VSCO shares. Wells Fargo & Company lowered 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. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Morgan Stanley cut their price target on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. The Goldman Sachs Group lowered their price target on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a research report on Monday, March 10th. Finally, UBS Group dropped 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $31.73.

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Victoria's Secret & Co. Price Performance

VSCO stock traded up $1.96 during trading on Friday, reaching $16.83. The company's stock had a trading volume of 11,263,088 shares, compared to its average volume of 2,858,291. The company's fifty day moving average is $25.88 and its 200-day moving average is $31.87. The company has a market capitalization of $1.32 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $2.10 billion. On average, research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of Victoria's Secret & Co. stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average cost of $18.48 per share, with a total value of $10,792,320.00. Following the transaction, the insider now directly owns 10,098,131 shares of the company's stock, valued at $186,613,460.88. This trade represents a 6.14 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders purchased 1,503,973 shares of company stock valued at $26,617,312 in the last ninety days. Insiders own 1.10% of the company's stock.

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.