Wealthfront Advisers LLC Acquires Shares of 28,632 Victoria's Secret & Co. (NYSE:VSCO)

Wealthfront Advisers LLC purchased a new position in Victoria's Secret & Co. (NYSE:VSCO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,632 shares of the company's stock, valued at approximately $1,186,000.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC grew its holdings 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 purchasing an additional 1,636,602 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Victoria's Secret & Co. by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,794,221 shares of the company's stock valued at $46,121,000 after purchasing an additional 24,967 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Victoria's Secret & Co. by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,631,150 shares of the company's stock valued at $67,562,000 after purchasing an additional 22,684 shares during the last quarter. Forest Avenue Capital Management LP bought a new position in shares of Victoria's Secret & Co. during the 3rd quarter valued at $40,861,000. Finally, Two Sigma Advisers LP grew its holdings in shares of Victoria's Secret & Co. by 172.0% during the 3rd quarter. Two Sigma Advisers LP now owns 503,003 shares of the company's stock valued at $12,927,000 after purchasing an additional 318,099 shares during the last quarter. Institutional investors own 90.29% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. TD Cowen increased their target price on shares of Victoria's Secret & Co. from $35.00 to $45.00 and gave the company a "hold" rating in a report on Monday, December 9th. Cowen reaffirmed a "hold" rating on shares of Victoria's Secret & Co. in a report on Friday, March 7th. BMO Capital Markets reduced their target price on shares of Victoria's Secret & Co. from $46.00 to $31.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Barclays cut their price target on shares of 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. Finally, JPMorgan Chase & Co. cut 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 report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $31.73.

Victoria's Secret & Co. Trading Up 6.3 %

Shares of NYSE:VSCO traded up $1.29 on Wednesday, hitting $21.68. The company had a trading volume of 5,060,388 shares, compared to its average volume of 2,682,625. The firm's 50-day simple moving average is $30.58 and its two-hundred day simple moving average is $32.27. Victoria's Secret & Co. has a 1 year low of $15.12 and a 1 year high of $48.73. 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 firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.15 and a beta of 2.16.

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

Insider Activity at Victoria's Secret & Co.

In other news, 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 acquired at an average cost of $17.32 per share, for a total transaction of $9,387,440.00. Following the purchase, the insider now owns 8,695,019 shares in the company, valued at $150,597,729.08. This trade represents a 6.65 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.