Symmetry Investments LP Takes $1.98 Million Position in Victoria's Secret & Co. (NYSE:VSCO)

Symmetry Investments LP acquired a new position in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 47,700 shares of the company's stock, valued at approximately $1,976,000. Symmetry Investments LP owned 0.06% of Victoria's Secret & Co. as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VSCO. Smartleaf Asset Management LLC grew its position in Victoria's Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Victoria's Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new stake in shares of Victoria's Secret & Co. in the fourth quarter valued at about $123,000. GAMMA Investing LLC increased its position 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 acquiring an additional 326 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Victoria's Secret & Co. during the fourth quarter worth about $206,000. 90.29% of the stock is currently owned by institutional investors and hedge funds.

Victoria's Secret & Co. Trading Up 5.6 %

VSCO stock opened at $17.28 on Wednesday. Victoria's Secret & Co. has a 52 week low of $13.76 and a 52 week high of $48.73. The company has a market capitalization of $1.36 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 1.15 and a beta of 2.26. The company's 50-day simple moving average is $20.99 and its 200 day simple moving average is $31.00. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results 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 net margin of 2.47% and a return on equity of 44.74%. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, sell-side analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Bank of America decreased their price objective on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research report on Thursday, January 30th. Barclays lowered their price target on 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. Wells Fargo & Company cut their price objective on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, March 6th. Cowen reissued a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Finally, The Goldman Sachs Group dropped their price target on Victoria's Secret & Co. from $19.00 to $15.00 and set a "sell" rating on the stock in a research note on Tuesday. 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 company's stock. Based on data from MarketBeat.com, Victoria's Secret & Co. currently has a consensus rating of "Hold" and a consensus price target of $29.73.

Insider Buying and Selling at Victoria's Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc bought 80,328 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the acquisition, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This represents a 0.88 % 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. Insiders purchased 1,503,973 shares of company stock valued at $26,617,312 in the last three months. Corporate insiders own 1.10% of the company's stock.

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.

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