Insider Buying: Victoria's Secret & Co. (NYSE:VSCO) Major Shareholder Purchases 85,145 Shares of Stock

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) major shareholder International Pte Ltd Bbrc acquired 85,145 shares of Victoria's Secret & Co. stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of $19.47 per share, for a total transaction of $1,657,773.15. Following the purchase, the insider now directly owns 9,389,805 shares of the company's stock, valued at approximately $182,819,503.35. This trade represents a 0.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

International Pte Ltd Bbrc also recently made the following trade(s):

• On Friday, March 28th, International Pte Ltd Bbrc acquired 584,000 shares of Victoria's Secret & Co. stock. The stock was acquired at an average cost of $18.48 per share, with a total value of $10,792,320.00.
• On Wednesday, March 12th, International Pte Ltd Bbrc bought 80,328 shares of Victoria's Secret & Co. stock. The shares were acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84.
• On Monday, March 10th, International Pte Ltd Bbrc purchased 542,000 shares of Victoria's Secret & Co. stock. The stock was acquired at an average price of $17.32 per share, with a total value of $9,387,440.00.

Victoria's Secret & Co. Stock Down 1.7 %

VSCO traded down $0.31 during trading hours on Tuesday, reaching $18.27. 3,584,692 shares of the stock traded hands, compared to its average volume of 2,782,695. Victoria's Secret & Co. has a fifty-two week low of $15.12 and a fifty-two week high of $48.73. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.15 and a beta of 2.16. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.17 and a quick ratio of 0.33. The firm's fifty day simple moving average is $27.16 and its two-hundred day simple moving average is $32.07.

Remove Ads

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 for the quarter, beating the consensus estimate 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 company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. As a group, analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group dropped 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 report on Thursday, February 27th. BMO Capital Markets dropped their price objective on Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a research report on Friday, March 7th. Telsey Advisory Group lowered their price target on Victoria's Secret & Co. from $40.00 to $24.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Finally, Barclays cut their price objective on 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $31.73.

Institutional Investors Weigh In On Victoria's Secret & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria's Secret & Co. during the third quarter worth approximately $27,000. CoreCap Advisors LLC boosted its stake in Victoria's Secret & Co. by 1,898.1% during the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock valued at $85,000 after acquiring an additional 1,955 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings 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 worth $92,000 after acquiring an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Victoria's Secret & Co. by 47.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after acquiring an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Victoria's Secret & Co. in the 4th quarter worth about $112,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

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.