Bryce Point Capital LLC Acquires New Position in Victoria's Secret & Co. (NYSE:VSCO)

Bryce Point Capital LLC bought a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 31,062 shares of the company's stock, valued at approximately $1,287,000.

Several other large investors have also modified their holdings of VSCO. Intech Investment Management LLC acquired a new position in shares of Victoria's Secret & Co. in the 3rd quarter worth approximately $382,000. The Manufacturers Life Insurance Company grew its position in shares of Victoria's Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock valued at $1,079,000 after buying an additional 412 shares during the last quarter. FMR LLC raised its stake in Victoria's Secret & Co. by 146.1% during the third quarter. FMR LLC now owns 2,757,032 shares of the company's stock worth $70,856,000 after acquiring an additional 1,636,602 shares during the period. MetLife Investment Management LLC lifted its holdings in Victoria's Secret & Co. by 129.1% in the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock worth $1,173,000 after acquiring an additional 25,723 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in Victoria's Secret & Co. in the third quarter valued at approximately $3,021,000. Institutional investors own 90.29% of the company's stock.

Analyst Upgrades and Downgrades

VSCO has been the subject of a number of analyst reports. Bank of America reduced their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research report on Thursday, January 30th. The Goldman Sachs Group dropped their price objective on shares of Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a report on Monday, March 10th. Morgan Stanley dropped their price target on shares of 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. Wells Fargo & Company reduced 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. Finally, Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $31.73.

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Victoria's Secret & Co. Price Performance

Shares of NYSE:VSCO traded down $0.11 during trading hours on Tuesday, hitting $17.10. 1,535,897 shares of the company's stock traded hands, compared to its average volume of 2,864,392. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company's fifty day simple moving average is $25.48 and its two-hundred day simple moving average is $31.85. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate 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, equities analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 584,000 shares of Victoria's Secret & Co. stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the acquisition, the insider now directly owns 10,098,131 shares of the company's stock, valued at approximately $186,613,460.88. This trade represents a 6.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by corporate insiders.

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.