Bank of New York Mellon Corp lessened its stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 535,187 shares of the company's stock after selling 33,401 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of Victoria's Secret & Co. worth $22,167,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. FMR LLC increased 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 worth $70,856,000 after purchasing an additional 1,636,602 shares during the last quarter. Forest Avenue Capital Management LP acquired a new stake in Victoria's Secret & Co. in the 3rd quarter valued at about $40,861,000. Two Sigma Advisers LP grew its position in shares of Victoria's Secret & Co. by 172.0% during the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock worth $12,927,000 after buying an additional 318,099 shares during the period. Castellan Group acquired a new position in Victoria's Secret & Co. during the third quarter valued at approximately $6,218,000. Finally, Weiss Asset Management LP bought a new position in Victoria's Secret & Co. in the third quarter valued at approximately $4,397,000. Institutional investors own 90.29% of the company's stock.
Insider Buying and Selling at Victoria's Secret & Co.
In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the purchase, the insider now owns 8,695,019 shares in the company, 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 can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
VSCO has been the topic of several analyst reports. UBS Group dropped their price target 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. Barclays cut their price objective on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. TD Cowen raised their price objective on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a report on Monday, December 9th. BMO Capital Markets decreased their target price on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Telsey Advisory Group reduced their price objective on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.73.
Check Out Our Latest Stock Analysis on Victoria's Secret & Co.
Victoria's Secret & Co. Stock Performance
NYSE:VSCO traded up $0.90 during mid-day trading on Friday, reaching $18.55. The company's stock had a trading volume of 7,898,192 shares, compared to its average volume of 2,657,643. Victoria's Secret & Co. has a 12-month low of $15.12 and a 12-month high of $48.73. The firm's fifty day moving average price is $31.81 and its two-hundred day moving average price is $32.25. 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 $1.46 billion, a P/E ratio of 9.61, a PEG ratio of 1.15 and a beta of 2.16.
Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. On average, equities analysts forecast that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.
Victoria's Secret & Co. Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Victoria's Secret & Co., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Victoria's Secret & Co. wasn't on the list.
While Victoria's Secret & Co. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
