KLP Kapitalforvaltning AS Invests $617,000 in Victoria's Secret & Co. (NYSE:VSCO)

KLP Kapitalforvaltning AS acquired a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,900 shares of the company's stock, valued at approximately $617,000.

A number of other institutional investors have also made changes to their positions in VSCO. Intech Investment Management LLC acquired a new position in Victoria's Secret & Co. during the 3rd quarter valued at $382,000. The Manufacturers Life Insurance Company raised its position in shares of Victoria's Secret & Co. by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock valued at $1,079,000 after buying an additional 412 shares during the last quarter. FMR LLC lifted its stake in shares of Victoria's Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after buying an additional 1,636,602 shares during the period. MetLife Investment Management LLC grew its position in Victoria's Secret & Co. by 129.1% during the third quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock worth $1,173,000 after buying an additional 25,723 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in Victoria's Secret & Co. during the third quarter valued at about $3,021,000. 90.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VSCO has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their target price on shares of Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a research report on Monday, March 10th. Bank of America lowered 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 research note on Thursday, January 30th. TD Cowen raised their price target on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Finally, BMO Capital Markets lowered their price objective on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $31.73.

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Victoria's Secret & Co. Price Performance

Shares of NYSE:VSCO traded up $0.29 during midday trading on Monday, reaching $17.24. The company's stock had a trading volume of 5,642,714 shares, compared to its average volume of 2,869,554. The business's fifty day simple moving average is $25.48 and its 200-day simple moving average is $31.85. 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. has a fifty-two week low of $13.76 and a fifty-two week high of $48.73. The company has a market capitalization of $1.36 billion, a P/E ratio of 8.93, a P/E/G ratio of 1.15 and a beta of 2.26.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.30. The company 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%. As a group, equities research analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Transactions at Victoria's Secret & Co.

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $16.78 per share, for a total transaction of $1,347,903.84. Following the purchase, the insider now owns 9,255,347 shares of the company's stock, valued at approximately $155,304,722.66. This represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 1,503,973 shares of company stock valued at $26,617,312 over the last 90 days. 1.10% of the stock is owned by company insiders.

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.