Vanguard Group Inc. Purchases 58,981 Shares of Victoria's Secret & Co. (NYSE:VSCO)

Vanguard Group Inc. boosted its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,927,889 shares of the company's stock after acquiring an additional 58,981 shares during the quarter. Vanguard Group Inc. owned 11.36% of Victoria's Secret & Co. worth $369,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Intech Investment Management LLC acquired a new stake in shares of Victoria's Secret & Co. during the third quarter worth approximately $382,000. The Manufacturers Life Insurance Company lifted its position in Victoria's Secret & Co. by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company's stock worth $1,079,000 after buying an additional 412 shares in the last quarter. FMR LLC boosted its stake in shares of Victoria's Secret & Co. by 146.1% during the 3rd quarter. FMR LLC now owns 2,757,032 shares of the company's stock valued at $70,856,000 after buying an additional 1,636,602 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Victoria's Secret & Co. by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 45,652 shares of the company's stock valued at $1,173,000 after acquiring an additional 25,723 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Victoria's Secret & Co. in the third quarter worth $3,021,000. Hedge funds and other institutional investors own 90.29% of the company's stock.

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Insider Activity

In related news, major shareholder International Pte Ltd Bbrc acquired 584,000 shares of the company's stock in a transaction dated 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 acquisition, the insider now owns 10,098,131 shares in the company, valued at $186,613,460.88. This trade represents a 6.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by company insiders.

Victoria's Secret & Co. Stock Performance

Victoria's Secret & Co. stock traded up $0.29 on Monday, reaching $17.24. 5,642,714 shares of the stock were exchanged, compared to its average volume of 2,869,387. The stock has a market cap of $1.36 billion, a PE ratio of 8.93, a PEG ratio of 1.15 and a beta of 2.26. The firm has a fifty day moving average price of $25.48 and a two-hundred day moving average price of $31.85. Victoria's Secret & Co. has a twelve month low of $13.76 and a twelve month high of $48.73. 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 posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. Sell-side analysts anticipate that Victoria's Secret & Co. will post 2.37 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley lowered their target price on Victoria's Secret & Co. from $38.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. BMO Capital Markets lowered their price target on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Bank of America cut their price objective on shares of Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating on the stock in a research report on Thursday, January 30th. The Goldman Sachs Group decreased their target price on shares of Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Victoria's Secret & Co. from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. 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 stock. According to data from MarketBeat, the stock currently 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.