Victoria's Secret & Co. (NYSE:VSCO) Trading 6.5% Higher on Insider Buying Activity

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) shares were up 6.5% during trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as $17.28 and last traded at $17.30. Approximately 3,277,173 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 2,850,160 shares. The stock had previously closed at $16.25.

Specifically, major shareholder International Pte Ltd Bbrc acquired 542,000 shares of Victoria's Secret & Co. stock in a transaction on Monday, March 10th. The stock was bought at an average price of $17.32 per share, for a total transaction of $9,387,440.00. Following the completion of the purchase, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This represents a 6.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VSCO shares. Bank of America cut their price target on Victoria's Secret & Co. from $40.00 to $35.00 and set an "underperform" rating for the company in a research note on Thursday, January 30th. The Goldman Sachs Group cut their price target on Victoria's Secret & Co. from $35.00 to $19.00 and set a "sell" rating for the company in a research note on Monday, March 10th. BMO Capital Markets cut 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. TD Cowen upped their price target on Victoria's Secret & Co. from $35.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Finally, Telsey Advisory Group cut 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 note on Thursday, March 6th. Two investment 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.com, Victoria's Secret & Co. currently has a consensus rating of "Hold" and a consensus target price of $31.73.

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Victoria's Secret & Co. Price Performance

The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 1.15 and a beta of 2.16. The company has a fifty day simple moving average of $31.34 and a two-hundred day simple moving average of $32.27.

Victoria's Secret & Co. (NYSE:VSCO - Get Free Report) last posted 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. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria's Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, equities research analysts anticipate that Victoria's Secret & Co. will post 2.37 earnings per share for the current fiscal year.

Institutional Trading of Victoria's Secret & Co.

Large investors have recently bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new stake in shares of Victoria's Secret & Co. during the third quarter valued at $27,000. CoreCap Advisors LLC boosted its stake in shares of Victoria's Secret & Co. by 1,898.1% during the fourth 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 boosted its stake in shares of Victoria's Secret & Co. by 326.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company's stock valued at $92,000 after acquiring an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Victoria's Secret & Co. by 47.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company's stock worth $104,000 after buying an additional 800 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Victoria's Secret & Co. during the fourth quarter worth about $112,000. Institutional investors and hedge funds own 90.29% 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.