178,006 Shares in Victoria's Secret & Co. (NYSE:VSCO) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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. as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Victoria's Secret & Co. by 326.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after buying an additional 1,682 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in shares of Victoria's Secret & Co. during the fourth quarter worth about $123,000. GAMMA Investing LLC grew its stake in shares of Victoria's Secret & Co. by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock worth $144,000 after acquiring an additional 326 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Victoria's Secret & Co. during the fourth quarter valued at about $206,000. Finally, Amundi raised its position in shares of Victoria's Secret & Co. by 61.0% in the 4th quarter. Amundi now owns 5,549 shares of the company's stock valued at $214,000 after purchasing an additional 2,103 shares during the last quarter. 90.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder International Pte Ltd Bbrc purchased 212,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of $16.15 per share, with a total value of $3,431,875.00. Following the acquisition, the insider now owns 10,310,631 shares in the company, valued at $166,516,690.65. The trade was a 2.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays dropped their target price on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Victoria's Secret & Co. from $35.00 to $17.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Bank of America reduced their target price on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Finally, Morgan Stanley cut their price objective on 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $29.73.

Victoria's Secret & Co. Stock Performance

Shares of NYSE VSCO traded down $0.04 during midday trading on Friday, reaching $18.53. 2,772,966 shares of the stock were exchanged, compared to its average volume of 2,949,840. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.15 and a beta of 2.26. The firm has a 50-day simple moving average of $20.15 and a two-hundred day simple moving average of $30.87. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria's Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. As a group, analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current fiscal year.

Victoria's Secret & Co. Company 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.