ExodusPoint Capital Management LP Buys New Shares in Victoria's Secret & Co. (NYSE:VSCO)

ExodusPoint Capital Management LP acquired a new stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 131,275 shares of the company's stock, valued at approximately $5,437,000. ExodusPoint Capital Management LP owned about 0.17% of Victoria's Secret & Co. at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Victoria's Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after buying an additional 1,682 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Victoria's Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after purchasing an additional 326 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Victoria's Secret & Co. during the fourth quarter valued at about $206,000. Amundi lifted its stake in shares of Victoria's Secret & Co. by 61.0% in the fourth quarter. Amundi now owns 5,549 shares of the company's stock valued at $214,000 after buying an additional 2,103 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in Victoria's Secret & Co. during the fourth quarter worth about $218,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

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

In related news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the acquisition, the insider now directly owns 10,310,631 shares of the company's stock, valued at approximately $166,516,690.65. The trade was a 2.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have bought 1,503,973 shares of company stock worth $26,617,312. Corporate insiders own 1.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VSCO shares. Barclays decreased their price target on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. UBS Group dropped their price objective on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Finally, Morgan Stanley decreased 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 report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Victoria's Secret & Co. presently has an average rating of "Hold" and a consensus target price of $31.73.

Victoria's Secret & Co. Trading Down 9.6 %

Victoria's Secret & Co. stock traded down $1.93 during midday trading on Thursday, hitting $18.06. 2,468,037 shares of the stock were exchanged, compared to its average volume of 2,893,834. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week 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. The stock has a market capitalization of $1.42 billion, a PE ratio of 9.28, a P/E/G ratio of 1.15 and a beta of 2.26. The company has a fifty day simple moving average of $24.00 and a two-hundred day simple moving average of $31.56.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted 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 business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal 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.