ExodusPoint Capital Management LP Takes Position in Victoria’s Secret & Co. (NYSE:VSCO)

ExodusPoint Capital Management LP acquired a new position in Victoria’s Secret & Co. (NYSE:VSCO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 131,275 shares of the company’s stock, valued at approximately $5,437,000. ExodusPoint Capital Management LP owned 0.17% of Victoria’s Secret & Co. as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VSCO. Smartleaf Asset Management LLC lifted its holdings in shares of Victoria’s Secret & Co. by 326.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after purchasing an additional 1,682 shares in the last quarter. GAMMA Investing LLC boosted its position in Victoria’s Secret & Co. by 10.3% during the 4th quarter. GAMMA Investing LLC now owns 3,486 shares of the company’s stock worth $144,000 after acquiring an additional 326 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Victoria’s Secret & Co. during the 4th quarter valued at about $206,000. Commonwealth Equity Services LLC acquired a new position in shares of Victoria’s Secret & Co. in the 4th quarter valued at about $218,000. Finally, Tandem Investment Advisors Inc. purchased a new stake in shares of Victoria’s Secret & Co. in the fourth quarter worth approximately $229,000. 90.29% of the stock is currently owned by hedge funds and other institutional investors.

Victoria’s Secret & Co. Stock Up 13.2 %

Shares of Victoria’s Secret & Co. stock opened at $16.83 on Friday. Victoria’s Secret & Co. has a 12-month low of $13.76 and a 12-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. The stock has a 50 day moving average price of $25.88 and a two-hundred day moving average price of $31.87. The stock has a market capitalization of $1.32 billion, a P/E ratio of 8.72, a PEG ratio of 1.15 and a beta of 2.26.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.30. The business had revenue of $2.11 billion during 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%. Equities analysts expect that Victoria’s Secret & Co. will post 2.37 earnings per share for the current year.

Insider Activity

In related news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $16.78 per share, for a total transaction of $1,347,903.84. Following the completion of the purchase, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. The trade was a 0.88 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 1,503,973 shares of company stock valued at $26,617,312. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VSCO. TD Cowen boosted their price objective on shares of 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. 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. BMO Capital Markets cut their price objective on Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Cowen restated a “hold” rating on shares of Victoria’s Secret & Co. in a research note on Friday, March 7th. 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 given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.