Marshall Wace LLP Boosts Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

Marshall Wace LLP increased its stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 481.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,956,760 shares of the company's stock after acquiring an additional 1,620,256 shares during the quarter. Marshall Wace LLP owned approximately 2.49% of Victoria's Secret & Co. worth $81,049,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Victoria's Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after purchasing an additional 22,684 shares in the last quarter. Vanguard Group Inc. grew its stake in Victoria's Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after acquiring an additional 58,981 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Victoria's Secret & Co. during the fourth quarter valued at approximately $7,373,000. Wakefield Asset Management LLLP acquired a new position in shares of Victoria's Secret & Co. during the fourth quarter worth approximately $991,000. Finally, FMR LLC grew its position in Victoria's Secret & Co. by 44.7% in the 4th quarter. FMR LLC now owns 3,988,122 shares of the company's stock valued at $165,188,000 after purchasing an additional 1,231,090 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Stock Performance

NYSE VSCO traded up $1.09 during trading hours on Tuesday, reaching $17.46. 1,140,640 shares of the company were exchanged, compared to its average volume of 2,920,649. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73. The stock has a market capitalization of $1.37 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.15 and a beta of 2.26. The business's 50 day simple moving average is $21.29 and its 200-day simple moving average is $31.09.

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, topping the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during 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%. On average, equities research analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired 1,503,973 shares of company stock valued at $26,617,312 over the last three months. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VSCO. Barclays dropped their price objective on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a research note 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. The Goldman Sachs Group dropped their price objective on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a research note on Tuesday. Finally, Telsey Advisory Group lowered their target price on shares of Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $29.73.

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.