Harvest Fund Management Co. Ltd Makes New $1.75 Million Investment in Victoria's Secret & Co. (NYSE:VSCO)

Harvest Fund Management Co. Ltd bought a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 42,255 shares of the company's stock, valued at approximately $1,751,000. Harvest Fund Management Co. Ltd owned 0.05% of Victoria's Secret & Co. as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Victoria's Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after purchasing an additional 326 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 in the last quarter. Picton Mahoney Asset Management grew its position in shares of Victoria's Secret & Co. by 6.5% in the 4th quarter. Picton Mahoney Asset Management now owns 7,782 shares of the company's stock worth $322,000 after buying an additional 477 shares during the period. Virtus Fund Advisers LLC bought a new position in shares of Victoria's Secret & Co. in the 3rd quarter worth about $27,000. Finally, New York State Common Retirement Fund lifted its position in Victoria's Secret & Co. by 4.4% during the 4th quarter. New York State Common Retirement Fund now owns 26,478 shares of the company's stock valued at $1,097,000 after acquiring an additional 1,117 shares during the period. Institutional investors own 90.29% of the company's stock.

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

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of Victoria's Secret & Co. stock in a transaction on 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 completion of the acquisition, the insider now owns 8,695,019 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Victoria's Secret & Co. Stock Performance

Shares of VSCO traded up $0.46 during mid-day trading on Monday, hitting $21.38. 4,238,187 shares of the company traded hands, compared to its average volume of 2,710,119. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 1.15 and a beta of 2.16. The stock has a 50-day moving average price of $29.57 and a two-hundred day moving average price of $32.23. Victoria's Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

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, beating analysts' consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion during 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%. Equities analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group decreased their target price on shares of 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. BMO Capital Markets lowered their price objective on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Morgan Stanley cut their target price on 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. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, The Goldman Sachs Group cut 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 research report on Monday, March 10th. Two 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 MarketBeat.com, Victoria's Secret & Co. currently has an average rating of "Hold" and a consensus price target of $31.73.

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.