Victoria's Secret & Co. (NYSE:VSCO) Major Shareholder International Pte Ltd Bbrc Purchases 212,500 Shares

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the acquisition, the insider now owns 10,310,631 shares in the company, valued at $166,516,690.65. The trade was a 2.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Friday, March 28th, International Pte Ltd Bbrc bought 584,000 shares of Victoria's Secret & Co. stock. The stock was bought at an average price of $18.48 per share, with a total value of $10,792,320.00.
• On Wednesday, March 26th, International Pte Ltd Bbrc purchased 85,145 shares of Victoria's Secret & Co. stock. The shares were bought at an average price of $19.47 per share, for a total transaction of $1,657,773.15.
• On Wednesday, March 12th, International Pte Ltd Bbrc acquired 80,328 shares of Victoria's Secret & Co. stock. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc bought 542,000 shares of Victoria's Secret & Co. stock. The shares were purchased at an average cost of $17.32 per share, for a total transaction of $9,387,440.00.

Victoria's Secret & Co. Stock Up 18.3 %

VSCO traded up $3.08 on Wednesday, hitting $19.89. 8,674,717 shares of the company were exchanged, compared to its average volume of 2,894,919. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The firm has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $31.56. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73.

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

Hedge Funds Weigh In On Victoria's Secret & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSCO. Virtus Fund Advisers LLC acquired a new stake in Victoria's Secret & Co. during the 3rd quarter worth $27,000. NBC Securities Inc. lifted its holdings in shares of Victoria's Secret & Co. by 141,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,822 shares of the company's stock valued at $52,000 after purchasing an additional 2,820 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after purchasing an additional 1,955 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Victoria's Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after buying an additional 800 shares during the period. 90.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VSCO has been the topic of several analyst reports. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Wells Fargo & Company reduced their target price on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. 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. JPMorgan Chase & Co. reduced their price objective on shares of 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. Finally, Barclays lowered their target price on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company 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 stock. According to data from MarketBeat.com, Victoria's Secret & Co. has an average rating of "Hold" and a consensus target price of $31.73.

Victoria's Secret & Co. Company 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.