Polymer Capital Management HK LTD Purchases Shares of 21,100 Victoria's Secret & Co. (NYSE:VSCO)

Polymer Capital Management HK LTD bought a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,100 shares of the company's stock, valued at approximately $874,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Federated Hermes Inc. grew its holdings in shares of Victoria's Secret & Co. by 29.7% during the 4th quarter. Federated Hermes Inc. now owns 132,385 shares of the company's stock worth $5,483,000 after purchasing an additional 30,346 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Victoria's Secret & Co. by 5.3% during the fourth quarter. Russell Investments Group Ltd. now owns 159,078 shares of the company's stock worth $6,589,000 after purchasing an additional 8,077 shares during the period. Envestnet Asset Management Inc. grew its stake in Victoria's Secret & Co. by 7.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,187 shares of the company's stock worth $753,000 after buying an additional 1,198 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Victoria's Secret & Co. in the 4th quarter valued at approximately $379,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Victoria's Secret & Co. by 18.9% during the 4th quarter. Wells Fargo & Company MN now owns 60,067 shares of the company's stock worth $2,488,000 after acquiring an additional 9,527 shares during the period. 90.29% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 584,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $18.48 per share, for a total transaction of $10,792,320.00. Following the transaction, the insider now directly owns 10,098,131 shares in the company, valued at approximately $186,613,460.88. This trade represents a 6.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have bought 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is currently owned by insiders.

Victoria's Secret & Co. Trading Down 3.1 %

NYSE:VSCO traded down $0.54 during trading hours on Friday, hitting $17.05. 4,296,702 shares of the company were exchanged, compared to its average volume of 2,914,795. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. Victoria's Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a fifty day simple moving average of $23.32 and a 200 day simple moving average of $31.43. The company has a current ratio of 1.17, a quick ratio of 0.33 and a debt-to-equity ratio of 3.12.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. Sell-side analysts expect that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

VSCO has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Telsey Advisory Group reduced their price target on shares of 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. BMO Capital Markets decreased their price target on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Morgan Stanley dropped 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 note on Friday, March 7th. Finally, Cowen restated a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $31.73.

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.