International Pte Ltd Bbrc Buys 542,000 Shares of Victoria's Secret & Co. (NYSE:VSCO) Stock

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) major shareholder International Pte Ltd Bbrc acquired 542,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $17.32 per share, for a total transaction 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. The trade was a 6.65 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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

• On Wednesday, March 12th, International Pte Ltd Bbrc acquired 80,328 shares of Victoria's Secret & Co. stock. The stock was bought at an average price of $16.78 per share, for a total transaction of $1,347,903.84.

Victoria's Secret & Co. Stock Up 5.1 %

Shares of NYSE VSCO traded up $0.90 during mid-day trading on Friday, reaching $18.55. The company had a trading volume of 7,899,620 shares, compared to its average volume of 2,655,154. 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 firm has a 50 day simple moving average of $31.34 and a two-hundred day simple moving average of $32.27. The stock has a market cap of $1.46 billion, a P/E ratio of 9.61, a PEG ratio of 1.15 and a beta of 2.16. Victoria's Secret & Co. has a 52-week low of $15.12 and a 52-week high of $48.73.

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Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Sell-side analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC purchased a new position in Victoria's Secret & Co. during the 3rd quarter worth $27,000. CoreCap Advisors LLC grew its position in Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after purchasing an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC grew its position in 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 worth $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after purchasing an additional 800 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Victoria's Secret & Co. during the 4th quarter worth $112,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VSCO shares. BMO Capital Markets decreased 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. Bank of America reduced their target price on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a report on Thursday, January 30th. Morgan Stanley reduced 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 report on Friday, March 7th. UBS Group reduced their target price on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. reduced their target price 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Victoria's Secret & Co. currently has a consensus 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.