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

Victoria’s Secret & Co. (NYSE:VSCO) major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the acquisition, the insider now owns 9,255,347 shares of the company’s stock, valued at approximately $155,304,722.66. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock 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 acquired 542,000 shares of Victoria’s Secret & Co. stock. The stock was acquired at an average price of $17.32 per share, for a total transaction of $9,387,440.00.

Victoria’s Secret & Co. Stock Up 5.1 %

Shares of Victoria’s Secret & Co. stock opened at $18.55 on Monday. 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’s 50 day moving average is $31.34 and its 200 day moving average is $32.32. Victoria’s Secret & Co. has a twelve month low of $15.12 and a twelve month 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.

Victoria’s Secret & Co. (NYSE:VSCO) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.30. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. Victoria’s Secret & Co. had a net margin of 2.47% and a return on equity of 44.74%. Research analysts anticipate that Victoria’s Secret & Co. will post 2.37 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSCO. FMR LLC raised its position in Victoria’s Secret & Co. by 146.1% in the third quarter. FMR LLC now owns 2,757,032 shares of the company’s stock worth $70,856,000 after acquiring an additional 1,636,602 shares during the period. Marshall Wace LLP raised its position in Victoria’s Secret & Co. by 481.5% in the fourth quarter. Marshall Wace LLP now owns 1,956,760 shares of the company’s stock worth $81,049,000 after acquiring an additional 1,620,256 shares during the period. Forest Avenue Capital Management LP bought a new position in Victoria’s Secret & Co. in the third quarter worth approximately $40,861,000. Point72 Hong Kong Ltd bought a new position in Victoria’s Secret & Co. in the fourth quarter worth approximately $37,693,000. Finally, SRS Investment Management LLC bought a new position in Victoria’s Secret & Co. in the fourth quarter worth approximately $37,011,000. Institutional investors own 90.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VSCO. Telsey Advisory Group cut their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. BMO Capital Markets cut their price objective 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. The Goldman Sachs Group cut their price objective on shares of 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 restated a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Finally, Wells Fargo & Company dropped their target price on shares of 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 analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Victoria’s Secret & Co. currently has an average rating of “Hold” and an average price target of $31.73.

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.