Sterling Capital Management LLC Raises Stock Position in Victoria's Secret & Co. (NYSE:VSCO)

Sterling Capital Management LLC lifted its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 14,672.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,829 shares of the company's stock after buying an additional 33,600 shares during the period. Sterling Capital Management LLC's holdings in Victoria's Secret & Co. were worth $1,401,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VSCO. XTX Topco Ltd acquired a new stake in Victoria's Secret & Co. during the 3rd quarter worth approximately $412,000. Geode Capital Management LLC boosted its stake in shares of Victoria's Secret & Co. by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after purchasing an additional 24,967 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Victoria's Secret & Co. by 3.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 51,139 shares of the company's stock valued at $1,314,000 after acquiring an additional 1,617 shares in the last quarter. Castellan Group acquired a new position in shares of Victoria's Secret & Co. during the third quarter worth approximately $6,218,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Victoria's Secret & Co. by 10.3% in the fourth quarter. GAMMA Investing LLC now owns 3,486 shares of the company's stock valued at $144,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 90.29% of the company's stock.

Victoria's Secret & Co. Trading Up 2.5 %

VSCO stock traded up $0.39 during midday trading on Friday, reaching $16.01. The company's stock had a trading volume of 2,550,245 shares, compared to its average volume of 2,919,760. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.15 and a beta of 2.26. The stock has a fifty day simple moving average of $21.61 and a two-hundred day simple moving average of $31.06. Victoria's Secret & Co. has a 1 year low of $13.76 and a 1 year high of $48.73.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. On average, equities research analysts predict that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Insider Activity

In other Victoria's Secret & Co. news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the acquisition, the insider now directly owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 1,503,973 shares of company stock worth $26,617,312 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VSCO. Bank of America reduced their price objective on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a report on Thursday, January 30th. Barclays cut their price target on shares of Victoria's Secret & Co. from $53.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Cowen reiterated a "hold" rating on shares of Victoria's Secret & Co. in a research note on Friday, March 7th. UBS Group reduced their price target on shares of Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, February 27th. Finally, Morgan Stanley cut 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Victoria's Secret & Co. has an average rating of "Hold" and a consensus target price of $30.09.

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.