Landscape Capital Management L.L.C. Makes New $2.07 Million Investment in Victoria's Secret & Co. (NYSE:VSCO)

Landscape Capital Management L.L.C. bought a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 50,025 shares of the company's stock, valued at approximately $2,072,000. Landscape Capital Management L.L.C. owned about 0.06% of Victoria's Secret & Co. at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC increased its holdings in Victoria's Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock worth $70,856,000 after purchasing an additional 1,636,602 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Victoria's Secret & Co. by 172.0% during the third quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock valued at $12,927,000 after buying an additional 318,099 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Victoria's Secret & Co. by 84.9% during the fourth quarter. JPMorgan Chase & Co. now owns 581,847 shares of the company's stock worth $24,100,000 after buying an additional 267,080 shares in the last quarter. Castellan Group purchased a new stake in Victoria's Secret & Co. in the 3rd quarter valued at $6,218,000. Finally, Raymond James Financial Inc. bought a new position in Victoria's Secret & Co. during the 4th quarter valued at $7,373,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Victoria's Secret & Co. Stock Down 10.4 %

VSCO traded down $2.08 during midday trading on Thursday, reaching $17.90. The company's stock had a trading volume of 2,727,056 shares, compared to its average volume of 2,895,238. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The stock's 50-day moving average is $24.00 and its 200-day moving average is $31.56. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 1.15 and a beta of 2.26. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Remove Ads

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate 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 expect that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Activity at Victoria's Secret & Co.

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the acquisition, the insider now directly owns 9,255,347 shares of the company's stock, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought 1,503,973 shares of company stock valued at $26,617,312 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of 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. The Goldman Sachs Group reduced their price objective on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a report on Monday, March 10th. Telsey Advisory Group lowered 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 note on Thursday, March 6th. JPMorgan Chase & Co. reduced their price objective on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Finally, Morgan Stanley lowered their price target 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.73.

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.