EVR Research LP Takes $11.60 Million Position in Victoria's Secret & Co. (NYSE:VSCO)

EVR Research LP purchased a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 280,000 shares of the company's stock, valued at approximately $11,598,000. Victoria's Secret & Co. makes up about 3.9% of EVR Research LP's holdings, making the stock its 10th largest position. EVR Research LP owned approximately 0.36% of Victoria's Secret & Co. as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sterling Capital Management LLC increased its stake in shares of Victoria's Secret & Co. by 14,672.5% in the 4th quarter. Sterling Capital Management LLC now owns 33,829 shares of the company's stock worth $1,401,000 after acquiring an additional 33,600 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Victoria's Secret & Co. during the fourth quarter worth about $7,373,000. Advisory Services Network LLC purchased a new position in Victoria's Secret & Co. during the fourth quarter worth about $456,000. Invesco Ltd. raised its stake in Victoria's Secret & Co. by 14.8% during the fourth quarter. Invesco Ltd. now owns 629,962 shares of the company's stock worth $26,093,000 after purchasing an additional 81,305 shares during the period. Finally, FMR LLC boosted its holdings in Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after purchasing an additional 1,231,090 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group reduced 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 reduced their target price on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Bank of America lowered their price target on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a report on Thursday, January 30th. BMO Capital Markets reduced their price objective on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Morgan Stanley decreased their target price 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 report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.09.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc bought 85,145 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average price of $19.47 per share, with a total value of $1,657,773.15. Following the completion of the acquisition, the insider now directly owns 9,389,805 shares in the company, valued at $182,819,503.35. The trade was a 0.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 1,503,973 shares of company stock valued at $26,617,312 in the last three months. 1.10% of the stock is owned by corporate insiders.

Victoria's Secret & Co. Stock Down 2.2 %

Shares of NYSE VSCO traded down $0.37 during midday trading on Tuesday, hitting $15.92. The company's stock had a trading volume of 2,793,261 shares, compared to its average volume of 2,919,067. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The business's fifty day simple moving average is $22.61 and its two-hundred day simple moving average is $31.30. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73.

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

Victoria's Secret & Co. 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.