Victoria's Secret & Co. (NYSE:VSCO) Major Shareholder Buys $1,347,903.84 in Stock

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) major shareholder International Pte Ltd Bbrc purchased 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 purchase, the insider now directly owns 9,255,347 shares in the company, valued at $155,304,722.66. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 10th, International Pte Ltd Bbrc purchased 542,000 shares of Victoria's Secret & Co. stock. The stock was purchased at an average price of $17.32 per share, with a total value of $9,387,440.00.

Victoria's Secret & Co. Price Performance

Shares of Victoria's Secret & Co. stock traded up $0.33 during trading on Tuesday, reaching $20.39. 4,302,034 shares of the company's stock were exchanged, compared to its average volume of 2,673,878. 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. has a 1-year low of $15.12 and a 1-year high of $48.73. The company has a market cap of $1.60 billion, a P/E ratio of 10.56, a PEG ratio of 1.15 and a beta of 2.16. The firm's 50-day moving average price is $30.95 and its 200 day moving average price is $32.29.

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Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, topping 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 company had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.10 billion. As a group, research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On Victoria's Secret & Co.

A number of institutional investors and hedge funds have recently bought and sold shares of VSCO. Virtus Fund Advisers LLC acquired a new position in Victoria's Secret & Co. in the 3rd quarter worth about $27,000. CoreCap Advisors LLC increased its holdings in Victoria's Secret & Co. by 1,898.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,058 shares of the company's stock worth $85,000 after purchasing an additional 1,955 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Victoria's Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock worth $92,000 after purchasing an additional 1,682 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in 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 worth $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Victoria's Secret & Co. in the 4th quarter worth about $112,000. Institutional investors and hedge funds own 90.29% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VSCO shares. TD Cowen boosted their price target on Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Bank of America dropped 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. UBS Group dropped their price objective on Victoria's Secret & Co. from $47.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group dropped their price objective on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a report on Monday, March 10th. Finally, Wells Fargo & Company dropped 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 report on Thursday, March 6th. Two investment 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 MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $31.73.

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.