Polymer Capital Management HK LTD Makes New Investment in Victoria’s Secret & Co. (NYSE:VSCO)

Polymer Capital Management HK LTD purchased a new stake in Victoria’s Secret & Co. (NYSE:VSCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 21,100 shares of the company’s stock, valued at approximately $874,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Victoria’s Secret & Co. by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 41,989 shares of the company’s stock worth $1,079,000 after acquiring an additional 412 shares during the period. Holocene Advisors LP purchased a new position in Victoria’s Secret & Co. in the 3rd quarter worth $240,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Victoria’s Secret & Co. in the third quarter worth about $330,000. Two Sigma Advisers LP lifted its position in Victoria’s Secret & Co. by 172.0% in the third 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. Finally, XTX Topco Ltd bought a new stake in Victoria’s Secret & Co. during the 3rd quarter valued at $412,000. Institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

NYSE:VSCO opened at $16.83 on Monday. Victoria’s Secret & Co. has a 52 week low of $13.76 and a 52 week 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 stock has a market cap of $1.32 billion, a PE ratio of 8.72, a P/E/G ratio of 1.15 and a beta of 2.26. The business’s 50-day simple moving average is $25.88 and its two-hundred day simple moving average is $31.91.

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. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts forecast that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Insider Transactions at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 212,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of $16.15 per share, for a total transaction of $3,431,875.00. Following the completion of the transaction, the insider now directly owns 10,310,631 shares of the company’s stock, valued at approximately $166,516,690.65. The trade was a 2.10 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 1,503,973 shares of company stock worth $26,617,312 in the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TD Cowen upped their price target on Victoria’s Secret & Co. from $35.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, December 9th. The Goldman Sachs Group lowered their target price on shares of Victoria’s Secret & Co. from $35.00 to $19.00 and set a “sell” rating for the company in a report on Monday, March 10th. Wells Fargo & Company dropped their price target 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. Barclays lowered their price objective on Victoria’s Secret & Co. from $53.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Victoria’s Secret & Co. from $43.00 to $35.00 and set a “neutral” 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.73.

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.