JPMorgan Chase & Co. Acquires 267,080 Shares of Victoria's Secret & Co. (NYSE:VSCO)

JPMorgan Chase & Co. lifted its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 84.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 581,847 shares of the company's stock after buying an additional 267,080 shares during the period. JPMorgan Chase & Co. owned about 0.74% of Victoria's Secret & Co. worth $24,100,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of VSCO. Vanguard Group Inc. lifted its position in shares of Victoria's Secret & Co. by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock worth $369,793,000 after buying an additional 58,981 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Victoria's Secret & Co. by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after acquiring an additional 24,967 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Victoria's Secret & Co. by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock valued at $67,562,000 after acquiring an additional 22,684 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Victoria's Secret & Co. by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 381,419 shares of the company's stock worth $15,798,000 after acquiring an additional 11,909 shares during the period. Finally, Castellan Group purchased a new position in Victoria's Secret & Co. in the third quarter worth $6,218,000. Institutional investors own 90.29% of the company's stock.

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Victoria's Secret & Co. Stock Performance

Victoria's Secret & Co. stock traded down $0.26 during mid-day trading on Tuesday, reaching $16.03. The company's stock had a trading volume of 563,583 shares, compared to its average volume of 3,753,746. The firm's fifty day moving average price is $22.96 and its two-hundred day moving average price is $31.40. 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 12-month low of $13.76 and a 12-month high of $48.73. The company has a market capitalization of $1.26 billion, a P/E ratio of 8.30, a PEG ratio of 1.15 and a beta of 2.26.

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

Insider Activity

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the purchase, the insider now directly owns 9,255,347 shares of the company's stock, valued at $155,304,722.66. This trade represents a 0.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 1,503,973 shares of company stock worth $26,617,312 over the last ninety days. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

VSCO has been the subject of several research analyst reports. Morgan Stanley decreased their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. 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 for the company in a report on Thursday, March 6th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. Wells Fargo & Company reduced 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. Finally, The Goldman Sachs Group lowered their price target on shares of Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Victoria's Secret & Co. currently has an average rating of "Hold" and a consensus price target of $30.09.

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.