Fmr LLC Buys 1,231,090 Shares of Victoria's Secret & Co. (NYSE:VSCO)

FMR LLC boosted its holdings in shares of Victoria's Secret & Co. (NYSE:VSCO - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,988,122 shares of the company's stock after purchasing an additional 1,231,090 shares during the period. FMR LLC owned about 5.07% of Victoria's Secret & Co. worth $165,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Victoria's Secret & Co. by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock worth $67,562,000 after buying an additional 22,684 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Victoria's Secret & Co. by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company's stock valued at $369,793,000 after acquiring an additional 58,981 shares during the period. Raymond James Financial Inc. bought a new position in shares of Victoria's Secret & Co. in the fourth quarter worth about $7,373,000. Wakefield Asset Management LLLP bought a new stake in shares of Victoria's Secret & Co. in the fourth quarter valued at about $991,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Victoria's Secret & Co. during the 4th quarter worth $617,000. 90.29% of the stock is owned by hedge funds and other institutional investors.

Victoria's Secret & Co. Price Performance

Victoria's Secret & Co. stock traded down $0.28 during trading hours on Wednesday, hitting $15.65. 2,731,077 shares of the company traded hands, compared to its average volume of 2,918,511. The firm has a market cap of $1.23 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.15 and a beta of 2.26. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria's Secret & Co. has a 1-year low of $13.76 and a 1-year high of $48.73. The firm's 50-day simple moving average is $22.61 and its two-hundred day simple moving average is $31.30.

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Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. As a group, analysts forecast that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Victoria's Secret & Co.

In other 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 cost of $16.78 per share, with a total value of $1,347,903.84. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 1,503,973 shares of company stock worth $26,617,312. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VSCO has been the subject of a number of research reports. UBS Group decreased their target price 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 lowered their price objective on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating on the stock in a report on Monday, March 10th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. Barclays decreased 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 note on Friday, March 7th. Finally, Wells Fargo & Company decreased their target price on Victoria's Secret & Co. from $40.00 to $25.00 and set an "equal weight" 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 issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $30.09.

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.