Invesco Ltd. Boosts Stake in Victoria's Secret & Co. (NYSE:VSCO)

Invesco Ltd. boosted its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 629,962 shares of the company's stock after purchasing an additional 81,305 shares during the quarter. Invesco Ltd. owned about 0.80% of Victoria's Secret & Co. worth $26,093,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in shares of Victoria's Secret & Co. by 326.6% during the fourth 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 period. Pinpoint Asset Management Ltd purchased a new stake in shares of Victoria's Secret & Co. in the 4th quarter worth $123,000. GAMMA Investing LLC grew its position 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 buying an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Victoria's Secret & Co. during the fourth quarter valued at $206,000. Finally, Amundi raised its holdings 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 acquiring an additional 2,103 shares in the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VSCO. Barclays reduced their price target on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Wells Fargo & Company decreased their target price on shares of Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. BMO Capital Markets cut their target price on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group lowered their price target on shares of Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Two investment 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.73.

Insiders Place Their Bets

In other news, major shareholder International Pte Ltd Bbrc purchased 542,000 shares of Victoria's Secret & Co. stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $17.32 per share, with a total value of $9,387,440.00. Following the transaction, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This represents a 6.65 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 currently owned by insiders.

Victoria's Secret & Co. Price Performance

NYSE VSCO traded up $0.18 during mid-day trading on Thursday, hitting $18.25. The stock had a trading volume of 629,357 shares, compared to its average volume of 2,928,587. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. The firm's 50 day moving average is $20.69 and its 200 day moving average is $30.91. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33.

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 for the quarter, topping analysts' consensus estimates of $2.30 by $0.30. The business 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%. Equities research analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share 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.