Victoria's Secret & Co. (NYSE:VSCO) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 38.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,089 shares of the company's stock after selling 34,402 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Victoria's Secret & Co. worth $2,323,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in VSCO. Vanguard Group Inc. lifted its holdings in shares of Victoria's Secret & Co. by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after purchasing an additional 58,981 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 1,636,602 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Victoria's Secret & Co. by 1.4% in 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 period. Charles Schwab Investment Management Inc. grew 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 worth $67,562,000 after acquiring an additional 22,684 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Victoria's Secret & Co. by 172.0% in the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock valued at $12,927,000 after acquiring an additional 318,099 shares during the period. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets cut 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 research report on Thursday, March 6th. Morgan Stanley reduced their price objective on shares of 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. The Goldman Sachs Group lowered their price objective on 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. Barclays cut their target price on Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. Finally, TD Cowen lifted their price target on Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.73.

Insider Buying and Selling

In other news, major shareholder International Pte Ltd Bbrc bought 542,000 shares of Victoria's Secret & Co. stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the acquisition, the insider now owns 8,695,019 shares of the company's stock, valued at $150,597,729.08. The trade was a 6.65 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders purchased 1,503,973 shares of company stock valued at $26,617,312. Insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Trading Up 13.2 %

Shares of VSCO traded up $1.96 on Friday, hitting $16.83. 11,263,088 shares of the stock traded hands, compared to its average volume of 2,858,291. 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 $25.88 and its two-hundred day moving average is $31.87. The firm has a market capitalization of $1.32 billion, a P/E ratio of 8.72, a P/E/G ratio of 1.15 and a beta of 2.26. 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. (NYSE:VSCO - Get Free Report) last issued 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. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. As a group, sell-side analysts predict that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

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.