Counterpoint Mutual Funds LLC Invests $1.39 Million in Victoria's Secret & Co. (NYSE:VSCO)

Counterpoint Mutual Funds LLC acquired a new stake in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,561 shares of the company's stock, valued at approximately $1,390,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased 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 purchasing an additional 1,636,602 shares during the period. Geode Capital Management LLC grew its stake 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 worth $46,121,000 after purchasing an additional 24,967 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $67,562,000 after buying an additional 22,684 shares during the period. Forest Avenue Capital Management LP acquired a new position in shares of Victoria's Secret & Co. during the third quarter worth about $40,861,000. Finally, Two Sigma Advisers LP increased its stake in shares of Victoria's Secret & Co. by 172.0% during the third 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. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Performance

VSCO stock traded down $0.74 on Friday, hitting $21.01. The company's stock had a trading volume of 4,921,197 shares, compared to its average volume of 2,700,099. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The firm has a 50 day moving average of $29.91 and a two-hundred day moving average of $32.12. 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. has a 1 year low of $15.12 and a 1 year high of $48.73.

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Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Equities analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VSCO. TD Cowen lifted their price target on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. The Goldman Sachs Group lowered their target price on shares of 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. BMO Capital Markets cut their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" 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, Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Victoria's Secret & Co. currently has a consensus rating of "Hold" and a consensus price target of $31.73.

Insider Activity

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of Victoria's Secret & Co. stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $17.32 per share, with a total value of $9,387,440.00. Following the acquisition, the insider now directly owns 8,695,019 shares of the company's stock, valued at $150,597,729.08. This represents a 6.65 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.