Victoria's Secret & Co. Sees Unusually High Options Volume (NYSE:VSCO)

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 10,085 call options on the company. This represents an increase of approximately 47% compared to the average volume of 6,839 call options.

Insider Transactions at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 584,000 shares of the business's stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $18.48 per share, for a total transaction of $10,792,320.00. Following the completion of the purchase, the insider now directly owns 10,098,131 shares in the company, valued at approximately $186,613,460.88. This represents a 6.14 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired 1,503,973 shares of company stock worth $26,617,312 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Victoria's Secret & Co.

A number of hedge funds have recently added to or reduced their stakes in VSCO. NBC Securities Inc. boosted its stake in 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 worth $52,000 after buying an additional 2,820 shares during the last quarter. KBC Group NV lifted its position in shares of Victoria's Secret & Co. by 40.8% during the first quarter. KBC Group NV now owns 3,904 shares of the company's stock worth $73,000 after purchasing an additional 1,132 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of Victoria's Secret & Co. by 1,898.1% in the fourth 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 stake in shares of Victoria's Secret & Co. by 326.6% in the fourth 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 boosted its stake in shares of Victoria's Secret & Co. by 47.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares during the period. 90.29% of the stock is owned by institutional investors and hedge funds.

Victoria's Secret & Co. Price Performance

NYSE:VSCO traded up $0.45 during trading hours on Monday, hitting $18.99. The company's stock had a trading volume of 2,044,200 shares, compared to its average volume of 2,946,217. The business's 50-day moving average is $19.93 and its two-hundred day moving average is $30.86. The company has a market capitalization of $1.49 billion, a PE ratio of 9.84, a PEG ratio of 1.15 and a beta of 2.26. 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. has a 52-week low of $13.76 and a 52-week high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating 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 return on equity of 44.74% and a net margin of 2.47%. As a group, research analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VSCO. JPMorgan Chase & Co. cut their price target on Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays cut their target price on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. BMO Capital Markets cut their target price on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Finally, Telsey Advisory Group cut their target price on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.73.

About Victoria's Secret & Co.

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.