Raymond James Financial Inc. Takes Position in Victoria's Secret & Co. (NYSE:VSCO)

Raymond James Financial Inc. acquired a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 178,006 shares of the company's stock, valued at approximately $7,373,000. Raymond James Financial Inc. owned about 0.23% of Victoria's Secret & Co. at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Victoria's Secret & Co. in the third quarter valued at about $382,000. Charles Schwab Investment Management Inc. boosted its position in shares of Victoria's Secret & Co. by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,608,466 shares of the company's stock worth $41,338,000 after purchasing an additional 76,858 shares during the period. Qsemble Capital Management LP acquired a new stake in Victoria's Secret & Co. in the 3rd quarter valued at approximately $794,000. The Manufacturers Life Insurance Company raised its position in Victoria's Secret & Co. by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock valued at $1,079,000 after purchasing an additional 412 shares during the period. Finally, FMR LLC lifted its stake in Victoria's Secret & Co. by 146.1% during the third 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. 90.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VSCO has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Telsey Advisory Group cut 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. TD Cowen raised their price objective on shares of 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. 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 report on Friday, March 7th. Finally, Bank of America reduced 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 report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Victoria's Secret & Co. currently has an average rating of "Hold" and an average target price of $31.73.

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Insider Transactions at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria's Secret & Co. stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the acquisition, the insider now 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 legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

Victoria's Secret & Co. Stock Down 0.2 %

Shares of VSCO stock traded down $0.04 on Thursday, reaching $19.51. 2,016,960 shares of the stock were exchanged, compared to its average volume of 3,337,046. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.15 and a beta of 2.16. The business's 50 day moving average price is $28.65 and its 200 day moving average price is $32.10. 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. has a twelve month low of $15.12 and a twelve month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating analysts' consensus estimates of $2.30 by $0.30. The business 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, sell-side analysts expect that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

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.