12 West Capital Management LP Invests $17.52 Million in Victoria’s Secret & Co. (NYSE:VSCO)

12 West Capital Management LP acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 422,962 shares of the company’s stock, valued at approximately $17,519,000. Victoria’s Secret & Co. comprises about 1.8% of 12 West Capital Management LP’s holdings, making the stock its 13th biggest holding. 12 West Capital Management LP owned 0.54% of Victoria’s Secret & Co. at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Victoria’s Secret & Co. by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 8,927,889 shares of the company’s stock valued at $369,793,000 after purchasing an additional 58,981 shares during the period. FMR LLC grew its stake in shares of Victoria’s Secret & Co. by 44.7% during the 4th quarter. FMR LLC now owns 3,988,122 shares of the company’s stock valued at $165,188,000 after acquiring an additional 1,231,090 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Victoria’s Secret & Co. by 7.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,056,206 shares of the company’s stock worth $85,168,000 after acquiring an additional 137,074 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 worth $46,121,000 after acquiring an additional 24,967 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Victoria’s Secret & Co. by 1.4% during the fourth 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 in the last quarter. 90.29% of the stock is currently owned by institutional investors.

Victoria’s Secret & Co. Stock Down 3.1 %

NYSE VSCO opened at $17.05 on Friday. The stock has a 50 day moving average price of $23.32 and a 200-day moving average price of $31.43. Victoria’s Secret & Co. has a one year low of $13.76 and a one year high of $48.73. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.33 and a current ratio of 1.17. The company has a market capitalization of $1.34 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.15 and a beta of 2.26.

Victoria’s Secret & Co. (NYSE:VSCO) last released its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 EPS for the quarter, beating 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 business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, equities analysts predict that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder International Pte Ltd Bbrc purchased 80,328 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $16.78 per share, for a total transaction 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 represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased 1,503,973 shares of company stock valued at $26,617,312 over the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on VSCO shares. Morgan Stanley decreased their price objective on shares of Victoria’s Secret & Co. from $38.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on 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. 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 research note on Monday, March 10th. BMO Capital Markets decreased their target price on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Finally, Cowen reissued a “hold” rating on shares of Victoria’s Secret & Co. in a report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.